On the Dash:
- EV sales dropped 71%, signaling continued softness in electric demand.
- Hybrid volume fell 22%, while internal-combustion sales were nearly flat.
- Car sales rose 55%, partially offsetting declines in SUVs and trucks.
Ford’s U.S. vehicle sales fell 5.5% in February as steep declines in electric and hybrid models weighed on overall results.
The Dearborn, Michigan, automaker said Wednesday it sold 149,962 vehicles in the U.S. last month, down from the prior-year period.
Electric vehicle sales plunged 71% to 2,122 units, while hybrid sales fell 22% to 12,010. Sales of internal-combustion vehicles edged down 0.1% to 135,830.
By segment, sport-utility-vehicle (SUV) sales declined 2.4%, and truck sales dropped 9.4%. Car sales, however, climbed 55%.
Ford’s EV business has faced mounting pressure as consumer demand cools, in part following the end of a federal tax credit for EVs. In December, Ford said it expected to take $19.5 billion in charges primarily tied to EV operations, including restructuring and R&D, reflecting ongoing challenges in the segment.
Respectively, Finance Chief Sherry House has said Ford will continue to lose money on its EV business until 2029.
