On Tuesday, Ford Motor Company (F) reported its best September sales since 2006. During the month of September, the company sold a total of 185,146 units, up 6% from a year ago.
Total car sales in September increased 13.6% to 57,584 units, while truck sales rose 8.3% yo 73,263 units. On the downside, utility vehicle sales dropped 4.1%.
Sales for the company’s Ford Fusion rose 62% in September, while the Ford Fiesta’s sales increased by 29% from last year.
Ken Czubay, vice president, U.S. Marketing, Sales and Service commented on the results: “The combination of great styling, fuel economy and value delivered another solid monthly result for Ford in September.”
“We’re particularly encouraged by the strength of the Fusion and Fiesta, especially in coastal markets. The F-Series also keeps delivering, with our fifth-straight month surpassing the 60,000-vehicle mark and continuing as America’s best-selling vehicle,” Czubay added.
Ford shares were up 30 cents, or 1.78%, during Tuesday morning trading. The stock is up 32% YTD.The Bottom Line
Shares of Ford Motor Company (F) have a 2.34% yield based on Tuesday morning’s price of $17.07.
Ford Motor Company (F) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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