Ford Motor Co on Monday posted a 1.3% fall in fourth-quarter vehicle sales as so...
Ford logo is pictured at the 2019 Frankfurt Motor Show in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay
- Ford Motor Co on Monday posted a 1.3% fall in fourth-quarter vehicle sales as soft demand for passenger cars outweighed stable sales of larger sport utility vehicles and pick-ups. Ford’s results rounded off U.S. automakers’ sales for 2019, with passenger cars falling out of favor with buyers amid lower oil prices and as automakers focused on SUVs and pick-ups that are more profitable.
Discounts during the key holiday season and lower interest rates helped pushed sales of Ford’s trucks to 330,075 in the quarter, up from 284,859 trucks a year earlier. However, passenger car sales at the company declined 41% to 63,400 cars. The No. 2 U.S. automaker said it sold 601,862 vehicles in the quarter, compared with 609,693 vehicles a year earlier.
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