U.S. sales of new vehicles for September were flat compared with sales in September 2011, according to data released today by Ford Motor Co. (NYSE: F). Car sales were up 1.6% year-over-year and utility vehicle sales were up 8.7%, but truck sales dived 7.6%, primarily as a result of the company’s discontinuation of its Ranger models.
The company’s small car sales jumped 73% year-over-year, the company’s best total for small car sales in 10 years. Other highlights include sales of Escape compact utility vehicles up 14% to a best-ever sales total for September of 23,148. The stalwart F-series pickups saw sales increase by just 1% to a total of 55,077, the most since September 2007. Sales of the company’s flagship small car, the Ford Focus, were up 91%.
A Ford executive said:
Fuel economy remains one of the most important features customers want most today, and Ford is answering the call with five vehicles that deliver 40 mpg or better – with another three on the way by year-end.
Total sales were flat to last year, but retail sales rose 4%. Total car sales were up 2%, sales of utility vehicles were up 9% and trucks were down 9% due to the discontinuation of the Ranger model.
Ford shares are down 0.6% at $9.87 this morning in a 52-week range of $8.82 to $13.05.
Paul Ausick
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.