DETROIT – Ford Motor’s U.S. gross sales elevated about 7% final 12 months, marking the automaker’s greatest gross sales since 2020 however coming in decrease than the general business’s development.

Ford on Thursday reported gross sales of practically 2 million automobiles in 2023, a 7.1% improve from the earlier 12 months. The corporate completed third in total U.S. gross sales, trailing Toyota Motor and Normal Motors.

“In a 12 months of challenges, from a labor strike to provide points, our wonderful lineup of gasoline, electrical and hybrid automobiles and our improbable sellers delivered stable development and momentum. We have now the merchandise that clients need,” Ford CEO Jim Farley stated in a launch.

Electrical car gross sales got here in at 72,608 for the 12 months, up 18% from 2022 and boosted by practically 26,000 EVs offered in the course of the fourth quarter. Ford stated gross sales of its electrical F-150 Lightning pickup — which noticed worth changes earlier this week — have been up 74% in the course of the fourth quarter. Gross sales of the Mustang Mach-E notched the most effective annual tally for the reason that car launched in 2021, the corporate stated.

Hybrid gross sales have been up 25% in the course of the full 12 months over 2022 and up 55% within the fourth quarter.

Ford’s total 2023 gross sales are decrease than the business gross sales, which auto information agency Motor Intelligence stories topped 15.6 million final 12 months — marking a 12.3% improve from 2022 and the section’s greatest efficiency since greater than 17 million automobiles in 2019.

For the forty seventh 12 months in a row, Ford F-Collection was America’s best-selling truck and America’s best-selling car for the forty second 12 months in a row. Gross sales topped 750,000 models final 12 months, up about 15% in comparison with the earlier 12 months.

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Correction: This story has been up to date to right that Ford Motor’s 2023 gross sales have been the automaker’s greatest since 2020.