Ford Motor Company Reports Significant Sales Growth in Q4 2024

Ford Motor Company announced a remarkable 17% increase in US retail sales for the fourth quarter of 2024, contributing to a 6% annual growth rate. This growth rate is double the industry average, highlighting Ford's strong market position.

Electric Vehicles Lead the Charge

Electric vehicle (EV) sales saw a dramatic 38% year-over-year increase, with 285,291 units sold. This surge in EV sales has positioned Ford ahead of its competitors, General Motors and Stellantis. The F-Series truck continues to dominate the market, with a 25% increase in Q4 retail sales, marking its 48th consecutive year as America's best-selling truck.

Hybrid and Electric Models Break Records

Hybrid and electric models, including the F-150 Lightning and Mustang Mach-E, have set new sales records. Hybrid truck sales, in particular, have seen a 47% increase, underscoring the growing consumer shift towards more sustainable vehicle options.