"Ford's Mixed 2023: Record US Sales and Sports Car Success Amid EV Losses and Truck Competition"

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Source: Yahoo Finance
"Ford's Mixed 2023: Record US Sales and Sports Car Success Amid EV Losses and Truck Competition"
Photo: Yahoo Finance
TL;DR Summary

Ford (F) experienced a significant increase in vehicle sales in the US for 2023, with a 7.1% year-over-year growth, selling nearly 2 million vehicles. The company saw a substantial rise in electric vehicle (EV) sales, with the F-150 Lightning and Mustang Mach-E leading the charge. Ford's F-Series maintained its position as America's best-selling truck for the 47th consecutive year and the best-selling vehicle for the 42nd year. The automaker also plans to launch new versions of popular models in 2024. Ford holds a Zacks Rank #3 (Hold), while other auto companies like Volvo, NIO, and Toyota Motor Corporation are also highlighted for their rankings and projected sales and earnings growth.

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