Ford's June Sales Suffer From Fleet Declines, but Light-Truck Demand Remains Strong
Automakers reported June U.S. light-vehicle deliveries to end customers on July 3. The seasonally adjusted annualized selling rate per Automotive News came in at 16.54 million, down from 16.82 million in June 2016 and the lowest SAAR of 2017. June sales declined 2.9% year over year to 1.475 million. The fleet business had been making up a lot of the sell-down through May, but it appears June’s retail channel--that is, nonfleet--business softened, though not enough to make us change our 2017 fore...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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