JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Investing.com -- Ford Motor Company (NYSE:F) reported a 6.3% decline in its U.S. sales for January. The decrease is attributed to lowered demand for the company’s internal combustion engine (ICE) vehicles.
According to the automaker’s Monday report, a total of 142,944 units, encompassing both ICE and electrified vehicles, were sold in January. This figure is a drop from the 152,617 units sold in the same month the previous year.
Despite the overall decrease, sales of Ford’s electrified vehicles, a category that includes both fully electric and hybrid models, experienced an increase. Approximately 20% more units were sold, totaling 18,961 vehicles.
Specifically, the sales of Ford’s F-Series line, a popular choice among consumers, saw a notable increase. The company reported a total of 58,644 units sold, up from the 48,702 units sold last year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.