UPDATE: Ford Motor (F) U.S. Light-Vehicle Sales Fell 8.8% in August, Missing Estimates
Get Alerts F Hot Sheet
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 6.2%
EPS Growth %: -20.6%
Join SI Premium – FREE
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
- Ford Motor (F) CFO Says Baltimore Bridge Collapse To Affect Supply Chain - Bloomberg
- Ford Motor (F) CFO Lawler to Affirm Full-Year 2024 Operating Guidance
- Tenon Medical (TNON) Appoints Kristine Jacques to its Board
Create E-mail Alert Related Categories
Corporate News, Hot Corp. News, Management Comments, Retail SalesSign 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!