Ford's Q4 US Sales Increase 9% Y/Y on Strong Retail Sales Growth

Core Insights - Ford Motor Company achieved significant growth in 2024, with U.S. retail sales increasing 6% year over year, outperforming the broader industry growth rate of 2% [1][3] - The F-Series trucks, part of Ford's Freedom of Choice strategy, saw a 25% year-over-year sales increase in the fourth quarter, contributing to a total F-Series sales rise of 21% year over year [2][3] Sales Performance - Overall fourth-quarter sales grew 9% year over year, leading to a full-year increase of 4%, with total vehicle sales reaching 2,078,832 units [3] - Electrified vehicle sales reached 285,291 units in 2024, up 38% year over year, with record fourth-quarter electric vehicle sales of 30,176 units [4] - Hybrid vehicle sales also set a record at 187,426 units, up 40% year over year, driven by strong demand for hybrid trucks [5] SUV and Truck Sales - Ford's SUV sales totaled 771,042 units in 2024, with the Explorer remaining the top three-row SUV and the Expedition seeing a 6% year-over-year increase [6] - Super Duty truck sales rose 14% year over year, with a 30% increase in fourth-quarter sales [7] Commercial and Luxury Vehicle Sales - Transit vans accounted for nearly half of full-size van sales, with Transit sales growing 18% year over year to 152,738 units [7] - Lincoln sales surged 28% year over year to 104,823 vehicles, marking its best retail performance since 2007 [9] Technology and Software Growth - Ford's Pro Intelligence software subscriptions grew 27% year over year to 649,000, with customers driving over 300 million miles using BlueCruise technology [8]