Ford Sales Jump on Strong SUV, Truck Demand

By Matt Egan Industrials FOXBusiness


In the face of the sluggish U.S. economy, Ford (F) said Monday it grew its domestic sales by nearly 9% in September amid demand for the No. 2 U.S. auto maker's SUVs and trucks.

Continue Reading Below

The Dearborn, Mich.-based auto maker said its total U.S. sales increased 8.9% last month to 175,199 units. Ford-brand sales leaped 14.4% to 168,181, while its struggling Lincoln unit suffered a 6.6% decline to 7,018 vehicles.

Ford’s growth was highlighted by a 41% jump in Escape sales and a 204% surge in Explorer sales.

The company also sold 15% more trucks, including its best month of F-Series sales of the year at 54,410 units sold.

SUV sales climbed 35%, posting their best month at Ford since 2004. Ford’s hot-selling Escape vehicle has set internal monthly sales records seven out of nine months and is up 32% to 187,850 year-to-date.

More On This...

"Ford continues to deliver strong sales results in a dynamic marketplace with a broad portfolio of fuel-efficient, high-quality products," Ken Czubay, vice president for U.S. marketing sales and service, said in a statement. "This is further proof that Ford is offering the vehicles – with the fuel economy and technologies – that people truly want and value."  

Continue Reading Below

A rally in Ford’s stock lost some momentum after the sales figures were released. It was recently up 0.26% to $9.69, down from its daily high of $9.92.

Rivals General Motors (GM) and Chrysler saw even more robust growth, posting September sales gains of 20% and 27%, respectively.

What do you think?

Click the button below to comment on this article.