Report
David Whiston, CFA, CPA, CFE
EUR 98.48 For Business Accounts Only

Ford's March Sales Suffer From Tough Fleet Comparable

Automakers reported March U.S. auto sales on April 3 that continue to show consumers’ preference for light truck models over cars. The seasonally adjusted annualized selling rate, or SAAR, came in at 16.6 million versus 16.7 million in March 2016, but total sales fell by 1.7% year over year to 1.55 million and are down 1.6% for all of 2017. We continue to expect 2017 full-year sales of at least 17 million units, but also still believe that the industry is done growing for this cycle. Off-lease s...
Underlying
Ford Motor Company

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Whiston, CFA, CPA, CFE

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