Ford's August Sales Show Strong SUV and Pickup Demand
August U.S. light-vehicle sales received a little help from a soft comparable due to Hurricane Harvey ravaging Houston in August 2017. Sales will have a tough comparable from Harvey for September 2018. August 2018 sales declined by 0.2% year over year to 1.48 million, while Automotive News put the seasonally adjusted annualized selling rate, SAAR, at 16.69 million versus 16.58 million in August 2017. Both Augusts had 27 selling days, and this is the lowest SAAR yet of 2018. Ford gave industry in...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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