Ford's stock falls after monthly vehicles sales drop; truck sales decline first time since December
Shares of Ford Motor Co. F, -1.29% slumped 1.2% in morning trade Tuesday, after the auto maker reported that September total U.S. vehicle sales fell 11.2% from a year ago to 197,404 vehicles, as truck sales…
From the Equity Insider archive. This article dates from Oct 2, 2018 and is preserved as first published.
Shares of Ford Motor Co. F, -1.29% slumped 1.2% in morning trade Tuesday, after the auto maker reported that September total U.S. vehicle sales fell 11.2% from a year ago to 197,404 vehicles, as truck sales declined for the first time since December 2017. Truck sales fell 9.9% to 93,408 vehicles, as F-Series sales fell 8.8%. SUV sales dropped 2.7% to 66,884 vehicles and car sales tumbled 25.7% to 37,112 vehicles. “For the industry, September presented a tough scenario for comparison due to strong performance a year ago resulting from pent-up and replacement demand following Hurricane Harvey in Houston, while September 2018 experienced some weather-related impact due to Hurricane Florence,” the company said in a statement. The stock has tumbled 17% over the past three months, while the Dow Jones Industrial Average DJIA, +0.46% has gained 9.6%.
