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BullNBear52

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BullNBear52

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Wednesday, 10/02/2019 9:55:38 AM

Wednesday, October 02, 2019 9:55:38 AM

Post# of 54376
Ford’s third-quarter auto sales fall 4.9% from last year
PUBLISHED 23 MIN AGO
Michael Wayland
@MIKEWAYLAND


https://www.cnbc.com/2019/10/02/fords-third-quarter-auto-sales-fall-4point9percent-from-last-year.html

DETROIT - U.S. vehicle sales for Ford Motor declined 4.9% during the third quarter from a year ago, the automaker said Wednesday.

An 8.8% increase in the Dearborn automaker’s truck sales the past three months wasn’t enough to offset a 10.5% decrease in SUV sales and a 29.5% drop in cars.

Ford sold 580,251 vehicles in the third quarter compared to 609,934 a year ago. The Ford brand was down 5.6%, while the company’s Lincoln luxury brand increased sales 11.7%

Ford shares closed Tuesday at $8.90, down about 3%.

Totally mismanaged.

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