F-Series Sales Trouble

Ford Motor Co. (NYSE: F) recently announced that its F-Series remained the best-selling American vehicle in 2022. That keeps up a string that goes back 41 years. Total sales for the pickup line reached 640,000. What Ford did not say is that F-Series sales were in trouble. (Check out the good, the bad and the ugly of owning a Ford F-150.)

Through the first 11 months of the year, F-Series sales reached 578,881, down 12.8% compared to 2021. It is unlikely that trend changed in December. Ford’s sales of the F-Series are in trouble.

Ford continued to release news about sales without releasing context. It bragged about total November sales results when unit sales dropped 7.8% to 146,364.

Ford’s comments about the F-Series’ success were glowing. Kumar Galhotra, president of Ford Blue, said, “The Ford truck team’s ability to anticipate customer needs, continuously innovate, and provide best-in-class levels of capability and performance has helped make F-Series the sales leader time and time again.” This ignores the unit sales problem. Galhotra does not seem to think year-over-year figures are important.

Another important analysis of Ford’s sales shows that F-Series sales are 36% of Ford’s U.S. total. The F-Series sales decline spells broader trouble. Ford’s earnings have to be challenged when its flagship has problems.

The news is another reason Ford’s shares have dropped 50% in the past year. Shares of rival Toyota are off 31%, but that is better than the overall market.

A tip of the hat to Ford’s management for another comment to investors that is short of a fair and reasonable standard.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.