Ford stock surges after February vehicles sales fall but new retail orders soar 4-fold to a record

Ford's stock is surging despite February sales decline

Shares of Ford Motor Co. F, +4.61% shot up 6.7% in morning trading Wednesday, after the auto maker reported February U.S. vehicle sales that fell sharply from a year ago, with all vehicle types showing declines, but took in a record number of new retail vehicle orders. Total sales dropped 20.9% to 129,273 vehicles, including a 25.5% tumble in truck sales to 66,158, a 11.8% fall in SUV sales to 58,396 and a 3.1% slip in electrified vehicle sales to 8,984.

New vehicles orders increased four-fold to over 72,000, and said the filling of those orders are continuing to run at record levels. Among Ford's best-selling models, February F-Series sales fell 29.8% from a year ago to 45,252 vehicles, Escape sales slipped 1.2% to 11,706, Bronco Sport sales jumped 86.1% to 10,285 and Explorer sales plunged 53.9% to 9,566.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Greatest road tests ever: 1964 Ford Mustang V8 Convertible | AutocarThis icon-bearing masterstroke from Ford used humble family car underpinnings to produce a competitively priced and stylish new sports car for the masses. Autocar's greatest ever road tests
Read more »

2022 Ford Everest: Ranger-based SUV revealedA three-row SUV sharing a platform with the Bronco and Ranger has been launched, though not in the U.S.
Read more »

2022 Ford Explorer, Lincoln Aviator recalled over fire riskLast month, Ford fixed fuel filler pipe vapor lines on 2022 Mustangs. Now Explorers and Lincoln Aviators have the same issue and are being recalled.
Read more »

Ford suspends Russian operations following invasion of UkraineFord Motor Co said on Tuesday that, given Russia's invasion of Ukraine, it has informed joint venture partner Sollers it is immediately suspending operations in Russia until further notice.
Read more »

Ford suspends operations in Russia over Ukraine invasionThe Ford Fund will make a $100,000 donation to a group helping Ukrainian refugees.
Read more »

Ford Bronco Driver Arrested For Doing Donuts In Major League Baseball Park | CarscoopsFord Bronco Driver Arrested For Doing Donuts In Major League Baseball Park | Carscoops carscoops
Read more »