Ford's April Sales Better Than They Look After Adjusting for Two Fewer Selling Days
Automakers reported April U.S. auto sales on May 1. April is the first month with GM not reporting since it recently moved to a quarterly format. Ford said on its May 1 call that it is staying with the monthly format, but down the road we wouldn’t be surprised to see more automakers follow GM’s lead. Using estimates for GM, Automotive News cited the seasonally adjusted annualized selling rate at 17.15 million versus 17.08 million in April 2017. Total April 2018 sales are estimated to have fallen...Ford Motor designs, manufactures, markets, and services a line of Ford cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln vehicles, as well as provides financial services through its subsidiary, Ford Motor Credit Company LLC. The company is engaged in electrification; mobility solutions, including self-driving services; and connected vehicle services. The company has three operating segments: Automotive, which includes the sale of Ford and Lincoln vehicles, service parts, and accessories; Mobility, which includes its autonomous vehicles and its investment in mobility through Ford Smart Mobility LLC; and Ford Credit, which includes vehicle-related financing and leasing activities.
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