UPDATE: Ford Motor (F) U.S. Light-Vehicle Sales Fell 8.8% in August, Missing Estimates

September 1, 2016 9:16 AM EDT

Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
(Updated - September 1, 2016 9:18 AM EDT)

Lincoln sales rose 7 percent in the U.S. in August versus a year ago with 9,243 vehicles sold, while Ford Motor Company vans reached best-ever August sales with 20,355 vehicles sold. Overall U.S. company sales totaled 214,482 vehicles, an 8 percent decline.

Retail sales totaled 168,543 vehicles for the month – an 8 percent decrease. Fleet sales of 45,939 vehicles, including daily rental, commercial and government segments, were down 10 percent.

(NOTE: Ford Brand sales fell 8.8 percent, versus a drop of 8.2 percent expected by analysts.)

Lincoln’s retail sales grew 10 percent, thanks to a 55 percent retail increase in Lincoln MKX sales and an 8 percent uptick in MKZ retail sales.

“Strong sales of high-end Lincoln vehicles and Ford SUVs also helped us continue outpacing the industry in average transaction pricing, which increased $1,200 versus a year ago,” said Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service. “Vans continue to be a bright spot for Ford – a consistent growth story for us this year.”

August’s record van sales were up 13 percent versus a year ago, driven largely by Ford Transit gaining 17 percent, with 11,993 vehicles sold.

Total truck sales were down 2 percent, with 88,372 vehicles sold. Ford F-Series sales of 66,946 trucks mark a 6 percent decline – and F-Series’ best retail month of the year.

FORD MOTOR COMPANY AUGUST 2016 U.S. SALES

August

%

Year-To-Date

%

2016

2015

Change

2016

2015

Change

SALES BY BRAND
Ford 205,239 225,601 -9.0 1,712,371 1,685,305 1.6
Lincoln 9,243 8,636 7.0 71,638 65,284 9.7
Total Vehicles 214,482 234,237 -8.4 1,784,009 1,750,589 1.9
SALES BY TYPE
Cars 52,148 69,877 -25.4 503,275 565,341 -11.0
SUVs 73,962 74,590 -0.8 573,758 540,118 6.2
Trucks 88,372 89,770 -1.6 706,976 645,130 9.6
Total Vehicles 214,482 234,237 -8.4 1,784,009 1,750,589 1.9
FORD BRAND
Fiesta 4,946 5,892 -16.1 34,577 46,872 -26.2
Focus 11,772 16,321 -27.9 128,889 150,427 -14.3
C-MAX 1,586 2,224 -28.7 13,721 15,325 -10.5
Fusion 19,052 28,270 -32.6 189,892 206,533 -8.1
Taurus 2,531 3,447 -26.6 24,456 27,485 -11.0
Police Interceptor Sedan 883 603 46.4 6,413 6,532 -1.8
Mustang 8,299 9,997 -17.0 80,829 86,769 -6.8
Ford Cars 49,069 66,754 -26.5 478,777 539,943 -11.3
Escape 28,061 28,870 -2.8 209,699 204,539 2.5
Edge 11,204 11,832 -5.3 92,754 85,447 8.6
Flex 1,828 1,303 40.3 15,440 13,796 11.9
Explorer 18,294 21,658 -15.5 147,246 152,523 -3.5
Police Interceptor Utility 2,686 2,013 33.4 22,033 16,933 30.1
Expedition 5,725 3,401 68.3 39,446 26,994 46.1
Ford SUVs 67,798 69,077 -1.9 526,618 500,232 5.3
F-Series 66,946 71,332 -6.1 527,847 494,800 6.7
E-Series 4,716 3,823 23.4 36,122 35,048 3.1
Transit 11,993 10,263 16.9 101,808 75,931 34.1
Transit Connect 3,646 3,995 -8.7 31,039 32,975 -5.9
Heavy Trucks 1,071 357 200.0 10,160 6,376 59.3
Ford Trucks 88,372 89,770 -1.6 706,976 645,130 9.6
Ford Brand 205,239 225,601 -9.0 1,712,371 1,685,305 1.6
LINCOLN BRAND
MKZ 2,754 2,571 7.1 20,415 20,473 -0.3
MKS 325 552 -41.1 4,083 4,925 -17.1
Lincoln Cars 3,079 3,123 -1.4 24,498 25,398 -3.5
MKC 2,451 2,411 1.7 16,700 16,198 3.1
MKX 2,643 1,763 49.9 20,388 13,031 56.5
MKT 273 285 -4.2 2,690 2,979 -9.7
Navigator 797 1,054 -24.4 7,362 7,678 -4.1
Lincoln SUVs 6,164 5,513 11.8 47,140 39,886 18.2
Lincoln Brand 9,243 8,636 7.0 71,638 65,284 9.7


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News, Hot Corp. News, Management Comments, Retail Sales

Add Your Comment