Ford's October U.S. Sales Fall More Than the Industry's Decline
Ford reported its October U.S. sales a day after the industry reported because of an Oct. 31 fire at its headquarters that affected its data-collection abilities. With Ford’s totals, the industry declined 5.9% in October year over year, with two fewer selling days. The seasonally adjusted annualized selling rate of 17.98 million was the best of 2016. Year to date, the industry is down 0.3%, which means its six-year streak of annual increases is in jeopardy. We have long been modeling this leveli...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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