UPDATE: Ford Motor (F) Light-Vehicle Sales Rose 5.1% in November 2016, Topping Expectations
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
(Updated - December 1, 2016 9:16 AM EST)
Ford Motor Company’s (NYSE: F) overall sales totaled 197,574 vehicles in November – a 5 percent increase versus last year – driven by a 10 percent retail sales gain with 154,114 vehicles sold.
*** NOTE: The Street was looking for a gain of 0.5 percent.
Fleet sales of 43,460 vehicles, including daily rental, commercial and government segments, declined 9 percent. This reflects the company’s plan to front-load fleet sales this year.
F-Series sales increased 11 percent, totaling 72,089 trucks, the truck line’s best November sales since 2001. F-Series retail sales were up 14 percent.
“Strong retail sales increases for both F-150 and our all-new Super Duty pickups drove F-Series above the 70,000 vehicle mark – a November threshold we have not seen in 15 years,” said Mark LaNeve, vice president, U.S. Marketing, Sales and Service. “Plus, strong consumer demand for well-equipped Super Dutys helped boost Ford’s overall average transaction prices in November, which are up $1,000 versus a year ago – well ahead of the industry average of $320.”
Ford brand SUV sales totaled 60,079 vehicles for November – a 20 percent increase. Escape was up 11 percent; Explorer grew 14 percent, Edge climbed 32 percent and Expedition gained 75 percent.
Lincoln sales increased 19 percent, with sales totaling 9,429 vehicles. Retail sales were up 20 percent. Lincoln MKZ was up 9 percent, while Lincoln MKX was up 30 percent. Lincoln’s all-new Continental had its best sales month since launch – with 1,419 cars sold.
FORD MOTOR COMPANY NOVEMBER 2016 U.S. SALES
|SALES BY BRAND|
|SALES BY TYPE|
|Police Interceptor Sedan||848||702||20.8||8,806||8,993||-2.1|
|Police Interceptor Utility||2,383||1,549||53.8||29,386||22,167||32.6|
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Macy's (M), Sears (SHLD), Kohl's Corp. (KSS) Accused of Posting Fake 'Original' Prices - Bloomberg
- Beijing to Slash Amount Withdrawn from ATMs in Macau to Reduce Currency Flight -SCMP (MGM) (LVS) (WYNN) (MPEL)
- Milestone Scientific (MLSS) Updates on Henry Schein (HSIC) Agreement; Completes Training of Specialists
Create E-mail Alert Related CategoriesCorporate News, Hot Corp. News, Management Comments, Retail Sales
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!