Ford's quarterly US sales dip after phasing out some models
F•Ford's third-quarter US sales fell 6.6% to 509,764 vehicles as it phased out the Escape and Lincoln Corsair. Truck sales rose 0.5% to 315,112, while Maverick sales increased a little over 20% to 41,970.
1. Quarterly sales decline
Ford said third-quarter US sales fell 6.6% from a year earlier to 509,764 units as the automaker phased out its Escape and Lincoln Corsair crossover models. Sales of Ford trucks, including the F-series, rose 0.5% to 315,112 units.
2. Hybrid demand grows
Ford executives said they were seeing more demand for hybrid powertrains, including in the F-150. Sales of the hybrid-available Maverick pickup rose a little over 20% to 41,970 units.
3. Costs weigh on buyers
The article said gasoline averaged $4.43 a gallon nationally in September, compared with $3.20 a year earlier, and that vehicle affordability remained a challenge. The average new-vehicle transaction price rose 1.9% to $50,089 in August.
