Ford's Stock Slips After October Vehicle Sales Results

Shares of Ford Motor slipped 0.6% early Monday, after the automaker reported another monthly decline in U.S. vehicle sales. Total sales for the month fell 1.7% from the same period a year ago to 188,654, as car and truck sales declined 11.5% and 2.6%, respectively, while utilities sales increased 10.3%. Ford said the second-straight monthly sales decline -- sales dropped 3% in September -- was expected, and was the result of a plant changeover related to the introduction of new 2015 F-150 vehicles. Ford-branded vehicle sales fell 2.7% to 179,771 vehicles, while Lincoln-branded sales jumped 25% to 8,883 vehicles. Among Ford's best selling models, Fusion sales increased 5%, Escape sales rose 12% and Explorer sales grew 6%. Ford's stock has lost 9.2% so far this year, compared with a 9.2% gain for the S&P 500.