Ford's October Sales Continue Trend of Strong SUVs and Weak Car Deliveries
October U.S. auto sales remained at healthy levels despite a hurricane in the Florida panhandle. Total sales, excluding Audi who has not yet reported, rose 0.6% year over year to 1.35 million. October 2018 had one extra selling day than last year and we calculate sales fell by 3.2% adjusting for the extra day. The industry, although not growing at robust rates anymore, remains in our view at healthy levels in the low 17 million range. We are also encouraged to hear Ford say it estimates industry...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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