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Demand for Hybrids, SUVs Help Lift Ford's First-Quarter Sales
Ford MotorFord Motor(US:F) Investopedia·2024-04-04 05:01

Key TakeawaysFord Motor posted strong first-quarter sales on demand for its hybrids and SUVs.Sales of hybrids were up 42% from the same period a year ago and set a quarterly record for the automaker.SUV sales climbed 16.8% and made up nearly half of all sales, with Ford brand SUVs also reaching a quarterly high. Ford Motor (F) shares gained close to 3% Wednesday as the automaker reported a 6.8% year-over-year rise in first-quarter sales driven by demand for its hybrid vehicles and SUVs. The company said it ...