Ford Motor Co. (NYSE: F) on Friday reported a U.S. sales increase of 4% in April, to 231,316 Ford and Lincoln vehicles, compared with April 2015 sales of 222,498. Truck sales rose 14.8% for the month, and sales of F-Series pickups rose nearly 13%.
Total sales compare to an estimate of 231,577 by analysts at Edmunds. Kelley Blue Book (KBB) estimated Ford’s April sales at 236,000 at an average transaction price of $36,541, down 0.5% month over month, and up 2.1% compared with April of last year. KBB transaction prices do not include applied consumer incentives.
Sales of the Ford F-Series pickups rose 12.6% in April to 70,774. In March Ford sold 73,884 F-Series trucks, following a February sales total of 60,697. Ford noted that this best month for the the F-Series in 11 years and second consecutive month with sales topping 70,000 units.
Truck sales comprised about 41% of all Ford sales in April, and the F-Series pickups accounted for nearly 31% of total sales in April. Both totals are a few points higher than the March percentages.
Sales of the company’s sport utility vehicles (SUVs) posted a year-over-year gain of 4.4%, compared with a year-over-year increase of 16% in March. Escape sales fell 7.2% and Edge sales tumbled 12.3%. The Expedition saw a sales increase of 46.7% and Explorer sales rose 22.3% year over year..
Sales of the all-new Transit and Transit Connect totaled 17,691 units in April, up 31.8% and down 14.2%, respectively, year over year. For the year to date, Transit sales were up 49.1% and Transit Connect sales were down 12%.
Sales of the Lincoln brand rose 20.2% year over year in April as sales of Lincoln utility vehicles rose by 52.8%. Car sales totaled 2,791 units in the month and utility vehicle sales totaled 6,985 units. Car sales fell 21.7% year over year.
The stock traded down about 0.8% midday Tuesday, at $13.51 in a 52-week range of $10.44 to $15.84.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
