Ford Sales Top Expectations as Industrywide Deliveries Surge
Photographer: Daniel Acker/Bloomberg
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Ford Motor Co.’s third-quarter deliveries topped expectations on the strength of pickup-truck demand as the overall industry surged close to a booming 17 million annual sales pace in September.
The automaker’s sales fell 4.7% in the quarter, beating analysts’ estimates for a 6.7% decline on the strength of Ford’s best third quarter for pickup sales since 2005. Deliveries of F-Series trucks rose 3.5% and Ranger sales increased by 8.2%. Industry-wide auto sales hit a pace of 16.8 million in September when medium and heavy trucks are included, the company said.