Cars and Drivers
Ford F-Series Takes 40% of April Pickup Sales
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The Detroit Three automakers’ stocks were getting punished Tuesday morning after reporting monthly sales for April that were short of the totals that analysts expected. All three carmakers, though, posted solid gains in sales of their pickup trucks.
Ford Motor Co. (NYSE: F) sold 70,774 F-Series full-size pickups in the month of April, an increase of 12.6% year over year. Compared with March 2016 sales, however, that’s a decline of 4.2%.
General Motors Co. (NYSE: GM) said sales of its Silverado pickups rose 8.7% year over year in April to 49,990 units. Sales of the company’s GMC Sierra trucks rose 13.5% to 20,531 for a combined total of 70,521.
Fiat Chrysler Automobiles N.V. (NYSE: FCAU) sold 41,079 Ram pickups in April, an increase of 8% year over year.
The other full-size pickups on offer in the United States are the Tundra from Toyota Motor Corp. (NYSE: TM) and the Nissan Titan. Tundra’s sales totaled 10,259 in April (down 4% year over year). The Titan sold 1,010 units in April, down 2.7% compared with April 2015.
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