Total Car Sales at Ford (F) Down 42.1% in January
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Ford (NYSE: F) reported sales numbers for the month of January today.
Ford, Lincoln and Mercury sales totaled 90,596 in January, down 39% versus a year ago. Retail sales to individual customers were down 27%. Fleet sales were down 65% including a 90% decline in sales to daily rental customers.
Ford and industry sales in January were consistent with Ford planning assumptions.
"During the last four months, retail demand appears to have stabilized, and the strength of our new products is a key reason we're growing our share in these challenging market conditions," said Ken Czubay, Ford vice president, Sales and Marketing. "We expect new, recent and future fiscal and monetary actions to help improve conditions in the second half of the year."
Ford inventories were 420,000 vehicles at the end of January, which is 156,000 vehicles lower than a year ago. During the past 12 months, Ford's inventories were reduced by 27% - consistent with the company's sales decline (22%) during this same period.
Total sales at Ford fell from 156,391 to 90,596, a decline of 42.1% from the comparable quarter last year.
Ford, Lincoln and Mercury sales totaled 90,596 in January, down 39% versus a year ago. Retail sales to individual customers were down 27%. Fleet sales were down 65% including a 90% decline in sales to daily rental customers.
Ford and industry sales in January were consistent with Ford planning assumptions.
"During the last four months, retail demand appears to have stabilized, and the strength of our new products is a key reason we're growing our share in these challenging market conditions," said Ken Czubay, Ford vice president, Sales and Marketing. "We expect new, recent and future fiscal and monetary actions to help improve conditions in the second half of the year."
Ford inventories were 420,000 vehicles at the end of January, which is 156,000 vehicles lower than a year ago. During the past 12 months, Ford's inventories were reduced by 27% - consistent with the company's sales decline (22%) during this same period.
Total sales at Ford fell from 156,391 to 90,596, a decline of 42.1% from the comparable quarter last year.
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