Followers | 689 |
Posts | 143817 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
Thursday, July 05, 2018 9:13:06 AM
By: Motley Fool | July 4, 2018
Ford is leaning on its big-profit stalwarts as it works to revamp its other models.
Ford Motor Company (NYSE:F) said that its U.S. sales rose 1.2% in June, on good sales of its newest SUVs and continued strong demand for its huge-selling F-Series pickups.
Year to date, Ford's sales are still down 1.8%, thanks to a weakening market for sedans and so-so results for its older SUV models.
How Ford fared against rivals
Here are the June sales results for the six largest-selling automakers in the U.S. market. The overall U.S. light-vehicle market rose 5.2% in June, according to figures from Automotive News, meaning that Ford's gain lagged the market's growth.
Automaker June 2018 U.S. Sales Change vs. June 2017
General Motors (NYSE:GM) 256,976 5.7%
Ford 230,635 1.2%
Toyota 209,602 3.6%
Fiat Chrysler Automobiles (NYSE:FCAU) 202,264 8%
Honda 146,563 4.8%
Nissan 145,096 1.2%
High and low points from Ford's June sales report
The high points:
• We have to start with the F-Series, Ford's "crown jewel" and the single biggest driver of its profits. F-Series sales rose 1.7% in June from a very good year-ago result, to 79,204 sold for the month.
• The F-Series' average transaction price in June was a strong $46,800.
• Sales of Ford-brand SUVs as a group rose 8.1% in June. Key drivers: Good gains for the compact Escape (up 6.4%) and big Expedition (up 10.1%), and the new EcoSport's best monthly result yet, with 6,756 sold.
• Most Ford-brand cars struggled in June. A happy exception: Sales of the Mustang, which was revamped for 2018, were up 19.6% from a year ago.
• Ford's year-over-year sales gain came despite a drop in overall fleet sales. The Blue Oval's U.S. retail sales rose 2.9% in June. Average transaction prices were up $540 from a year ago, suggesting that Ford's incentive use remains disciplined. That's good news for profit margins.
• Sales of the Transit commercial van rose 25% from a year ago. While Ford's overall fleet sales were down, its sales to commercial fleets rose 6% last month.
• Lincoln sales rose 2.8%, on good gains for its compact MKC and large Navigator SUVs. The Navigator is all-new and reviews have been strongly positive; sales were up 68.4% in June, and its average transaction price rose a whopping $27,000.
• Sales of the Police Interceptor version of the Explorer rose 2.3% to 3,051 -- but sales of the police version of the Taurus sedan fell 13% to just 637. (The net result: Sales of Ford police vehicles fell by 26 units from a year ago.)
• Sales of the super-expensive Ford GT sports car rose 22.2%, but don't get too excited: That's 11 GTs delivered in June, versus nine in June of 2017. Year to date, Ford has delivered 67 GTs, up from 21 in the first half of last year.
The not-so-high points:
• Ford's sedans are still struggling. Sales of Ford-brand cars as a group fell 13.2% from (fairly poor) year-ago results; Lincoln's cars were down 26.6%. Only the tiny Fiesta managed a year-over-year sales gain.
• Of note: After a strong debut, the Lincoln Continental is struggling. Ford sold just 546 in the U.S. in June, down 44% from a year ago.
• Also of note: The Lincoln MKZ is a mechanical sibling of the soon-to-be-discontinued Ford Fusion. The two are made on the same production line. Ford hasn't said anything about the MKZ's fate, but its sales are down 32.5% year to date.
The upshot: Mixed results still suggest good profits
Ford's mixed-bag results for June followed similar results in April and May. For the second quarter, Ford's U.S. sales fell about 0.8% -- but within that result, and despite turbulence in the overall U.S. market, some profit-boosting trends remained intact for Ford.
For starters, F-Series sales rose 5.5% in the quarter, and average transaction prices remained strong -- both good signs for profitability. The big and super-profitable Ford Expedition and Lincoln Navigator, both all new (and hugely improved) for 2018, continued to sell very well at strong prices. Commercial-vehicle sales remained strong, and sales of the Mustang rose 5% in the quarter.
Long story short: While the U.S. new-car market is showing signs of slipping, Ford's most profitable products continued to sell well in the second quarter, at what appear to be good prices. That's a good sign for Ford's profit in North America. We'll know more when the Blue Oval reports its second-quarter earnings on July 25.
https://www.fool.com/investing/2018/07/04/ford-is-riding-its-trucks-and-big-suvs-to-sales-ga.aspx
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Recent F News
- October 7, 2024 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against F • PR Newswire (US) • 09/23/2024 09:45:00 AM
- AIG names new CFO; Progyny Drops 24% After Losing Key 2025 Contract; Exicure Jumps 190% With Nasdaq Extension • IH Market News • 09/19/2024 10:26:48 AM
- Ford Motor Company Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - F • PR Newswire (US) • 09/19/2024 09:45:00 AM
- BMW, Ford and Honda Begin Operations of Vehicle-Grid Integration Joint Venture ChargeScape; Name Joseph Vellone CEO • PR Newswire (US) • 09/18/2024 12:30:00 PM
- Stingray Debuts Karaoke on Ford Vehicles: F-150 Lightning and Mustang Mach-E • GlobeNewswire Inc. • 09/17/2024 12:00:00 PM
- The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Ford Motor Company(F) Shareholders • PR Newswire (US) • 09/16/2024 09:45:00 AM
- The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Ford Motor Company(F) Shareholders • PR Newswire (US) • 09/16/2024 09:45:00 AM
- Form 8-A12B/A - Registration of securities [Section 12(b)]: [Amend] • Edgar (US Regulatory) • 09/13/2024 08:34:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 08:30:07 PM
- OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast • IH Market News • 09/13/2024 10:12:55 AM
- Universal Technical Institute and Ford Celebrate 25 Years of Ford's Manufacturer Specific Advanced Training (MSAT) Program • PR Newswire (US) • 09/12/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/12/2024 12:02:23 PM
- Ted Cannis to Retire After 35-Year Ford Career; Andrew Frick Named Interim Ford Pro Leader; Daniel Justo Appointed Head of FCSD • Business Wire • 09/12/2024 12:00:00 PM
- Class Action Filed Against Ford Motor Company (F) Seeking Recovery for Investors - Contact The Gross Law Firm • PR Newswire (US) • 09/12/2024 09:45:00 AM
- Ford Motor Company Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - F • PR Newswire (US) • 09/11/2024 12:30:00 PM
- U.S. Futures Drop Ahead of Inflation Data; Oil Rises on Hurricane Francine • IH Market News • 09/11/2024 10:29:19 AM
- GameStop plunges 11% on stock offering, DJT drops post-debate, GSK fails shingles vaccine trial • IH Market News • 09/11/2024 10:25:41 AM
- Southern California Edison and Ford Team Up to Reward Electric Vehicle Customers for Supporting the Grid • Business Wire • 09/10/2024 04:04:00 PM
- Ford Motor Company Class Action: The Gross Law Firm Reminds Ford Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 7, 2024 - F • PR Newswire (US) • 09/09/2024 09:45:00 AM
- Broadcom Down 10% Post-Earnings, UiPath Up 8%; Qualcomm Eyes Intel Assets; Salesforce Acquires Own Company • IH Market News • 09/06/2024 11:59:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 09:11:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 09:11:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 09:11:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 09:11:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 09:11:12 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM