Cars and Drivers
Ford Sold 450,000 of These in the First Half of the Year
Published:
Last Updated:
Ford Motor Co. (NYSE: F) had a hard first half in terms of total vehicle sales in the U.S. Ford sold 1,240,585 cars and light trucks, down 2.9% from the same period in 2018. However, the vehicle which accounted for 36% of those sales did better.
Sales of Ford’s F-Series full-sized pick up were 448,398, down just .6%. The F-Series, made up primarily of the F-150, has been the top-selling vehicle in American for over four decades. No other pick-up, SUV, crossover, sedan, or coupe has even come close.
Pick-ups are at the heart of the U.S. vehicle market. Often, the second and third best-selling cars in America are General Motor Corporation’s Chevy Silverado and Fiat Chrysler’s Ram. In each case, the success, or lack thereof, of each of America’s Big Three has been to some large extent, pick-up driven.
The F-Series line has three members. The base model, the F-150 is a standard full-sized pick-up. It has a base price of $28,155. Like most other cars and light trucks, the price can soar with large numbers of features. The “Limited” model can post a price as high as $75,000. Ford also makes two heavy-duty versions of the F-Series. These are the F-250 and F-350.
The F-Series has become even more important to Ford’s line-up recently. It has dropped the sales of some of its cars because of lack of sales. These include the Fiesta, Fusion, Focus and Taurus. Ford is betting that pick-ups, crossovers, and SUV will make its U.S. business more successful, at least in terms of profits. The second-largest car company in America has bet that there will be no comeback of sedans and coupes, even if gas prices spike sharply in the future.
Ford CEO Jim Hackett has told employees and investors that he will slash billions of dollars in expenses and use Ford’s research to develop autonomous driving and electric cars. The F-Series is neither of those now. However, he will still need to lean on it for much of the company’s success.
The Average American Is Losing Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
