Should I buy Ford shares after Barclays raised its price target to $16?
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Ford F-150, Mustang Mach-E Win Hispanic Motor Press Awards
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Ford Electrified Vehicle Sales Reach Record High in February
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Ford Mustang Mach-E Delivers Strong February Sales Results
February was another strong month for Ford sales. With the numbers in, it looks like the Mustang Mach-E is making some serious headway against competitive brands and the Ford F-150 PowerBoost is doing beating the opposition.
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In what must be super-encouraging news for Ford Motor Co., Ford s groundbreaking electric sales, the Mustang Mach-E helped push overall electrified vehicle sales to a February record. Sales were up 56.1 percent over a year ago to 9,267 vehicles sold.
First Mustang Sales Month Good
During its first full month of sales, Ford moved a total of 3,739 Mustang Mach-E models. Nearly 70 percent of Mach-E orders are from competitive brands, and just over one-fifth of sales of the EV was from California. With good strong sales in February, the Mach-E also had a recall to tighten subframe bolts after a subcontractor failed to tighten them. I covered the issue here.