Markets
F

Ford's (F) US Sales Down 3.4% in March, Retail Sales Up 1% - Analyst Blog

Ford Motor Co.F reported a 3.4% decline in sales in the U.S. to 235,929 units in Mar 2015. Retail sales inched up 1%, thus attaining the highest level since 2006, driven by the popularity of Ford's new products. However, fleet sales fell 13% due to fleet order timing.

Brand-wise, the automaker's Ford brand's sales fell 3.4% to 227,234 units in the month. Meanwhile, the Lincoln brand reported a 3.1% decline in sales to 8,695 units.

Sales of cars and utility vehicles fell 11.6% and 2.1% to 76,765 units and 69,494 units, respectively. However, Ford's truck sales increased 3.8% in March, driven by a 59.8% surge in sales of the Transit Connect and a 52.4% rise in sales of heavy trucks. Retail sales of the F-series increased 10% in March.

Among cars, Ford Focus and Fusion were the most popular during the month. However, both recorded a year-over-year decline in sales.

Among utility vehicles, Ford Escape led in terms of popularity despite an 8.4% fall in sales. Ford Explorer recorded a 17% surge in sales to 20,765 units. This is Ford Explorer's best March sales volume.

Sales of Ford Mustang surged 36% to 12,663 units in the month, making it the car's best March sales since 2007. Since the launch of the new Mustang model, it has emerged as the highest-selling sports car in America.

Sales of Ford brand cars fell 10.6% to 73,085 units, while Ford brand utility vehicle sales fell 3.9% to 64,479 units in Mar 2015. Meanwhile, the Lincoln brand cars' sales fell 27.6% to 3,680 units, while Lincoln utility vehicles witnessed a 29.2% surge in sales to 5,015 units.

Ford currently carries a Zacks Rank #4 (Sell). Better-ranked automobile stocks include Gentherm Incorporated THRM , General Motors Company GM and Wabash National Corp. WNC . While Gentherm sports a Zacks Rank #1 (Strong Buy), both General Motors and Wabash National carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

FORD MOTOR CO (F): Free Stock Analysis Report

GENERAL MOTORS (GM): Free Stock Analysis Report

GENTHERM INC (THRM): Free Stock Analysis Report

WABASH NATIONAL (WNC): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

F THRM WNC GM

Other Topics

Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More