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DETROIT – Ford Motor Toy’s sales in the U. S. While U. S. sales increased about 7% last year, the automaker’s sales since 2020 are still below the industry’s overall growth.
Ford announced Thursday that it sold about 2 million cars in 2023, up 7. 1% from last year. The company finished third in total sales in the U. S. Toyota Motor and General Motors.
Ford’s total sales in 2023 lag behind the industry’s sales growth, which automotive knowledge firm Motor Intelligence said amounted to 15. 6 million last year, up 12. 3% from 2022 and functionality in the segment from more than 17 million cars in 2019.
“In a year of challenges, from a labor strike to supply issues, our amazing lineup of gas, electric and hybrid vehicles and our fantastic dealers delivered solid growth and momentum. We have the products that customers want,” Ford CEO Jim Farley said in a release.
EV sales were 72,608 for the year, up 18% from 2022 and boosted through nearly 26,000 EVs sold in the fourth quarter. Ford said sales of its F-150 Lightning electric pickup truck, whose prices were adjusted earlier this week, rose 74% in the fourth quarter. Sales of the Mustang Mach-E recorded the annual total since the vehicle’s launch in 2021, the company said.
Electrified vehicles, adding hybrids and electrics, accounted for about 10% of Ford’s total sales in 2023.
Hybrid sales were up 25% for all of 2022 and 55% in the fourth quarter.
For the 47th year in a row, Ford F-Series was America’s best-selling truck and America’s best-selling vehicle for the 42nd year in a row. Sales topped 750,000 units last year, up about 15% compared to the previous year.
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Correction: This story has been updated to correct that Ford Motor’s 2023 sales were the automaker’s best since 2020.
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