Ford's July Sales Get a Boost From Fleet, Navigator, and Trucks, but Car Weakness Continues
Automakers reported U.S. light-vehicle deliveries for July that saw one less selling day than July 2017 as well as one less weekend. Ford also said it saw more of the traditionally strong July 4 seasonal demand come in the weekend before the holiday, which was in June, than in the days after July 4. Total sales declined by 3.7% year over year to 1.36 million, but we calculate a 0.4% rise adjusting for one less selling day. Automotive News put the seasonally adjusted annualized selling rate at 16...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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