Cars and Drivers

Ford Adds to Pickup Market Share, Sales Lead in November

courtesy of Ford Motor Co.

Ford Motor Co. (NYSE: F) sold 72,769 F-Series pickups in November, topping sales of General Motors Co.’s (NYSE: GM) Chevy Silverado by 26,328 units. Adding in sales of the GMC Sierra, Ford still outsold GM in the pickup wars by 8,192 units.

Ford F-Series pickup sales rose just 0.9% year over year in November, compared with an increase of 6.2% in Silverado sales and a drop of 4% in Sierra sales.

Fiat Chrysler Automobiles N.V.’s (NYSE: FCAU) Ram pickup sales dropped 5% year over year to 40.390 units sold in the month.

Other full-size pickups on offer in the United States are the Tundra from Toyota Motor Corp. (NYSE: TM) and the Nissan Titan. Toyota Tundra sales for November totaled 9,700, up 2.5% year over year. Nissan will not report November sales until Monday due to a system error.

Sales of GM’s midsize Chevy Colorado pickup rose 19.3% to 10,346 units, and sales of the GMC Canyon fell 26.4% to 2,510 in November. Toyota sold 16,195 of the company’s midsize Tacoma pickups, up 4.3% compared with November of last year. Honda Motor Co. Ltd. (NYSE: HMC) sold 2,610 units of its Ridgeline midsize pickup, down 24.7% from 3,464 units in November of 2016.

In the full-size pickup segment, November sales of 177,736 vehicles from the Detroit Three pencils out to a Ford market share of 40.9% (a month-over-month increase of 1.4 points). GM’s share came in at 26.1% for the Chevy Silverado (down 1.6 points) and 10.2% (up 0.4 points) for the GMC Sierra. Ram’s market share totaled 22.7% (down 0.3 points).

Combined, the Detroit Three sold 4,582 more full-size pickups last month than they did in November 2016.

Smart Investors Are Quietly Loading Up on These “Dividend Legends” (Sponsored)

If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.

Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.