Ford's November Sales Depressed by Lower Car Model Sales; High-End Demand Remains Strong
November U.S. auto sales to consumers and fleet customers declined by 0.5% year over year, with Automotive News placing the seasonally adjusted annualized selling rate, or SAAR, at 17.55 million. There were an equal number of selling days for both Novembers. This rate is down slightly from 17.65 million in November 2017 but still a healthy level in our view. The industry looks well set up for its annual holiday sales rush, and with Americans continuing to devour light-truck models and unemployme...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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