Ford F-Series Pickups Gained Market Share in March
Pickup sales may account for more than 60% of all light vehicle sales in the month of March. Ford's F-Series trucks added to its market share lead last month.
Pickup sales may account for more than 60% of all light vehicle sales in the month of March. Ford's F-Series trucks added to its market share lead last month.
Tesla's market cap now is bigger than Ford's, primarily because Tesla sold more cars than expected in the first quarter, while Ford's sales have dropped sharply.
Insiders have continued buying shares, especially at companies that either have traded off some or may have issues going forward.
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Ford's U.S. sales are expected to drop sharply in March while industry sales are expected to rise, according to Kelley Blue Book.
Ford saw its shares pull back early on Thursday after the company issued a warning for its first quarter earnings report.
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Auto industry inventories of unsold vehicles reached a near-13-year high at the beginning of March of 4.1 million vehicles. GM's inventory rose month-over-month while both Ford and Fiat Chrysler saw inventories decline.
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Ford has begun testing the use of a 3D printer from Stratasys to speed the development of prototype and customized vehicle parts.
Ford's February F-Series pickup sales topped Chevy's Silverado sales by more than 15,000 units, a gain of about 7,000 for Silverado compared with January sales.
Ford's February sales declined 4% year over year, but were higher than analysts expected and the carmaker's average selling price improved as well.