Ford's January Sales Held Back by a Tough Comp in Fleet Volume
Automakers reported robust January U.S. auto sales on Feb. 1 that reflect plateaued but still-healthy demand. Total deliveries to retail and fleet customers were 1.14 million, down 1.9% from January 2016, while Automotive News put the seasonally adjusted annualized selling rate, SAAR, at 17.57 million compared with 17.62 million in January 2016. We continue to think the best growth years are done for this cycle but remain optimistic that the industry can deliver strong profitability from the U.S...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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