Ford sees brisk sales and higher prices in February

Ford sold 20% more light vehicles in February than a year ago, with several segments posting their strongest sales in almost a decade.

A total of 217,192 vehicles were sold by the US manufacturer with sales of its own-branded Sports utility vehicles their strongest ever.

“We saw a solid industry last month and a strong month for Ford, as customer demand for our newest vehicles – including new high-end series on Explorer and Edge – helped Ford increase its average transaction prices at almost double the industry average,” said Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service.

The F-Series had its best February for sales since 2006, the company said in a statement.

Retail sales were at their strongest since 2005, growing by 11%.

As of 14:51GMT shares in Ford were up by 2.53% to $12.82.