Shares of Ford Motor Co. F, -1.52% dropped 2.0% in morning trading Thursday, after the auto maker reported a 17.1% year-over-year decline in total U.S. auto sales in December, to 173,740 vehicles. Truck sales dropped 15.5% to 91,699 and SUV sales fell 11.1% to 77,377 vehicles, while sales of electrified vehicles surged 121.1% to 12,284 EVs. For 2021, Ford said its EV sales grew 36% faster than the segment overall for the year, and its total EV sales was second only to Tesla Inc. TSLA, +0.66%. Within trucks, Ford said December F-Series sales fell 15.7% to 62,496, Transit sales slumped 45.3% to 8,521 and Ranger sales fell 29.2% to 6,992. Within SUVs, Explorer sales dropped 20.6% to 20,715, Edge sales slid 8.7% to 11,456 and Escape sales shed 38.4% to 10,704. For cars, Mustang sales declined 7.5% to 4,564. Ford’s stock has run up 66.8% over the past three months, as it closed Tuesday at the highest price since Aug. 10, 2001, while shares of rival General Motors Co. GM, -0.84% have climbed 19.8%, Tesla’s stock has hiked up 45.4% and the S&P 500 SPX, -0.07% has advanced 10.0%.
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