Ford Motor Company (NYSE:F) achieved is best September sales performance since 2006 after selling 185,146 vehicles in the United States, up by 6 percent and outperforming the sales results of its peers in the auto industry.
Ford’s result for September
Ken Czubay, vice president of U.S. Marketing, Sales and Service of Ford Motor Company (NYSE:F) said, “The combination of great styling, fuel economy, and value delivered another solid monthly result for Ford in September.”
In August, Mohnish Pabrai took part in Brown University's Value Investing Speaker Series, answering a series of questions from students. Q3 2021 hedge fund letters, conferences and more One of the topics he covered was the issue of finding cheap equities, a process the value investor has plenty of experience with. Cheap Stocks In the Read More
According to him, the strong sales of the Fusion and Fiesta particularly in the coastal markets were encouraging. Czubay added that the F-Series is also performing well for the fifth straight month and was able to exceed its 60,000-vehicle target. He said the F-Series continues to be America’s best-selling vehicle.
In September, Ford Motor Company (NYSE:F) sold 19,972 Ford Fusion vehicles, an increase of 62 percent compared with the same month last year. According to the automaker, the brand’s retail sales experienced the strongest growth rate in the west, up by 59 percent for the first nine months of the current fiscal year. The sales of Ford Fusions in the southeast rose by 26 percent.
Ford’s retail market
The automaker’s sales for its Ford Fiesta vehicle increased by 29 percent to 5,043 vehicles, and its largest retail sales market is also in the west. For the first nine months of the year, Ford Fusion’s growth rate climbed to 41 percent.
The sales of the F-Series increased by 10 percent to 60,456 vehicles, its 5th consecutive month of selling more than its 60,000-vehicle sales mark. The all-new Lincolm MKZ sold 2,874 units, an increase of 12 percent.
General Motors’ sales decline
On the other hand, General Motors Company (NYSE:GM) sold 187,195 vehicles last month. The sales performance of the automaker declined by 11 percent compared with its sales results in September a year earlier.
According to Kurt McNeil, vice president of U.S. Sales Operations of General Motors Company (NYSE:GM) said, “We held our own when it comes to retail market share this month, thanks to strong new products…We expect a strong finish to the year and more growth in 2014.”
General Motors Company (NYSE:GM) sold 127,785 Chevrolet Malibus, 29,959 GMCs, 15,623 Buicks, and 13,828 Cadillacs. The sales of Chevrolet Malibu and GMC fell by 14.7 percent and 9.7 percent year-over-year, respectively.