This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive
compensation for actions taken through them.
Ford Motor Co. (NYSE: F) on Friday reported a U.S. sales increase of 6.7% year over year in November, to 210,771 Ford and Lincoln vehicles, compared with November 2016 sales of 197,574. Passenger car sales rose 2% in the month and sport utility vehicle (SUV) sales rose 13.3%.
Truck sales rose 4.1% for the month, and sales of F-Series pickups increased by 0.9%. Total retail sales rose 1.3% year over year in November to 156,064 units and fleet sales jumped 25.9% to 54,707 units.
Total sales compare to an estimate of 200,000 by analysts Kelley Blue Book (KBB), who also estimated an average transaction price of $40,423, up 2.8% year over year and 1.2% higher compared with October’s average selling price of $39,939. KBB transaction prices do not include applied consumer incentives.
Sales of the Ford F-Series pickups rose just 0.9% year over year in November to 72,769 units, and F-Series transaction prices rose $3,800 year over year to $47,100.
Truck sales comprised 43.5% of all Ford-brand sales in November, and the F-Series pickups accounted for 34.5% of total monthly sales.
Total Ford SUV sales rose 13.4% year over year, with the Explorer seeing a gain of nearly 25% and the Edge gaining nearly 23%.
Ford Mustang sales rose by 8.5% year over year. Fiesta sales rose 6.6% and Fusion sales fell 15.1% year over year. Ford’s Focus brand sales jumped 44.9% to 13,266 units.
Sales of the Lincoln brand slipped by 5.5% year over year in November as sales of Lincoln cars tumbled 29.3%. Car sales totaled 2,862 units in the month and utility vehicle sales totaled 6,047 units. SUV sales rose 12.4% year over year.
Ford reported 78 days of total inventory, down from 79 in October and from 83 in November of last year. Dealer stock totaled 62 days of supply, down from 65 days in October and from 69 last year.
Ford’s stock traded up about 0.8% shortly after Friday’s opening bell to $12.62. The 52-week range is $10.47 to $13.27 and the 12-month consensus price target is $12.71.
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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.