Ford's United States vehicle sales dip 11.7 percent in October
- Author: Zachary Reyes Nov 05, 2016,
Nov 05, 2016, 15:48
The company said that it will report its full US sales results later this week. According to the company, it leads the global pick-up truck market in terms of unit sales with its F-series pick-up trucks and the European and USA commercial vans market with Ford Transit, with the Ford Ranger positioned third in the same market.
Hyundai and Subaru both reported 4-percent sales increases from last October.
Recent Sales Surprise: During the recent quarter period Quarter Ending Sep-16, the company declared sales of $42,825.00M. But it increased retail sales to individual buyers by 3 percent. Volkswagen's sales fell 18.5 percent.
The second-largest USA automaker's report was a day late because a fire at its Dearborn, Michigan, headquarters Monday made it impossible for dealers to file month-end results on time.
Ford says its best-selling F-Series pickup posted its best October since 2004, but it wasn't enough to lift the company overall sales, which slumped 11.5% compared with year-ago and were off 4.8% on a daily-sales basis, WardsAuto data shows. KBB transaction prices do not include applied consumer incentives. Some automakers have already reported their sales. That marks the first time since January that year-to-date sales fell below the comparable 2015 level.
Nissan Group-Nissan Group (-2.2%) delivered 113,520 units with strength from SUVs and trucks (+12.7%) and a slight rise from Infiniti (+0.6%).
"We're on the upper end of the spectrum in terms of where we would feel comfortable", he said.
Truck sales comprised more than 44% of all Ford sales in October, and the F-Series pickups accounted for almost 35% of total October sales.
Total vehicle sales for the month fell 4.4 per cent below the same month previous year to 1.39 million units, according to figures produced by Autodata. GM reported that it's getting strong prices for its vehicles; its average sale price of $43,988 was a record for October.
Overall, Ford's retail sales slipped 7 percent while fleet deliveries were 24 percent lower. The Lincoln brand recorded 6.9% growth to 9,069 units, and the namesake Ford brand fell 12.5% to 179,744 vehicles. Sales of the Tacoma small pickup rose 4 percent and Lexus SUV sales jumped 6 percent. Chevrolet vehicle sales gains included the Camaro, Corvette, Cruze, Sonic, Spark, and the plug-in hybrid Volt. Sales of the Prius hybrid were down 46.5 percent despite a recent redesign. Detroit-based Fiat Chrysler Automobiles (FCA) posted a steeper 10.3% decline. Sales of the midsize Jeep Cherokee, the brand's biggest seller a year ago, were down 23%.
Overall incentive spending at Ford was up approximately $180 compared to year ago, versus an industry increase of $390. Thus Surprise Factor was there with -13.3 percent. The Predicted Move on the 7th day after Ford Motor Co. Growth came from Lincoln's new products, with total MKX up 4 percent, MKZ up 3 percent and all-new Continental sales of 1,222 vehicles. GM also added "hefty rebates" on its Silverado pickup to win back sales it lost in September to Fiat Chrysler's Ram, said Brad Korner, general manager of AIS Rebates.
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