Plus   Neg

Ford Q4 U.S. Sales Down 9.8% - Quick Facts

Ford Motor Co. (F) reported that its U.S. sales for the fourth-quarter declined 9.8 percent to 542,749 vehicles from 601,862 vehicles in the same quarter last year. Quarterly retail sales were down 3.4 percent.

Car sales for the quarter dropped 41.1 percent year-over-year to 37,319 units from 63,400 units, while truck sales also decreased 12.5 percent to 288,698 units compared to last year. But SUVs sales rose 4.0 percent to 216,732 units from the previous year.

The fourth-quarter Ford brand SUV sales posted an overall increase of 4.7 percent and 9.8 percent at retail, led by Explorer, Expedition and the all-new Bronco Sport.

On Tuesday, Auto giant General Motors Co. (GM) said that it sold 771,323 vehicles in the fourth quarter. Total sales for the quarter were up 5 percent year over year.

GM said the fourth-quarter retail sales were the best since 2007, with deliveries up 12 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
J&J Distributing has recalled various food products citing potential contamination with Listeria monocytogenes or Lm, an organism that can cause serious and sometimes fatal infections. According to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS, around 33 pounds of ready-to-eat meat and poultry salads and wrap products have been called back. The U.S. Food and Drug Administration on Saturday authorized Johnson & Johnson's (JNJ) single-dose COVID-19 vaccine for emergency use. It is the first single-shot COVID-19 vaccine and the third COVID-19 vaccine for emergency use in the U.S. - the other two being Pfizer/BioNTech's BNT162b2 and Moderna's mRNA-1273. The U.S. Food and Drug Administration said that it will rapidly work toward finalization and issuance of an emergency use authorization of Johnson & Johnson's (JNJ) single-shot COVID-19 vaccine candidate.
Follow RTT