Ford’s Sedan Sales Hit Hard in August, but Lincoln and F-Series Remain Healthy
Automakers reported August U.S. auto sales that support our call of an industry reaching a plateau or entering a slow decline. Total selling days were equal between August 2016 and August 2015 at 26, but last year’s August was a strong month with a seasonally adjusted annualized selling rate, SAAR, of 17.81 million. August 2016 sales fell by 3.5% year over year to 1.51 million while Automotive News put the SAAR at 16.97 million, the third lowest SAAR of the year. We expect continued down months ...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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