"Ford Celebrates Robust 7.1% Sales Growth in 2023, Leading in Trucks Despite Slower EV Expansion"
TL;DR Summary
Ford's sales in the US increased by 7.1% in 2023, reaching nearly 2 million vehicles, marking the company's best performance since 2020. The growth was driven by strong truck sales, including a significant rise in sales of hybrids and EVs, with Ford becoming the second-largest EV seller in the US. Despite a modest Q4 increase due to a labor strike, Ford's CEO Jim Farley anticipates a strong 2024 with new vehicle launches. However, the company faced challenges with numerous recalls, including a recent one affecting the F-150 pickup.
Topics:business##autoindustry#automotiverecalls#business-and-finance#electricvehicles#fordsales#trucksales
- Ford sales jump 7.1% in 2023, following strong results by GM, Toyota Yahoo Finance
- Ford reports 7.1% increase in U.S. new vehicle sales as industry marks best year since 2019 CNBC
- Ford dominates truck sales while SUVs slip in 2023 Detroit Free Press
- Ford’s stock heads for longest losing streak in more than 15 months as 2023 U.S. sales growth was about half of rival GM’s MarketWatch
- Ford posts best sales year since 2020 even as EV growth slows Detroit News
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