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Ford stock surges after February vehicles sales fall but new retail orders soar 4-fold to a record

Ford stock surges after February vehicles sales fall but new retail orders soar 4-fold to a record

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Shares of Ford Motor Co. F, +6.71% shot up 6.7% in morning trading Wednesday, after the auto maker reported February U.S. vehicle sales that fell sharply from a year ago, with all vehicle types showing declines, but took in a record number of new retail vehicle orders. Total sales dropped 20.9% to 129,273 vehicles, including a 25.5% tumble in truck sales to 66,158, a 11.8% fall in SUV sales to 58,396 and a 3.1% slip in electrified vehicle sales to 8,984.

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