Ford Beats GM in September Truck Sales

By / / Hot Stocks to Watch
Share


Ford Motor Company (NYSE: F) sold 60,645 F-series trucks in September compared to General Motors’ (NYSE: GM) combined 45,944 trucks, marking it as the fifth successive month when Ford has sold more than 60,000 trucks in a month.

Thanks to strong F-series truck sales, Ford was able to taper the gap with GM in total light vehicle sales.

In September, GM sold 187,195 light trucks and cars, just 2,743 above Ford’s light truck sales. Meanwhile, GM’s market-share dropped to 16.4% in September from 17.7%, in the same period of last year.

Nonetheless, overall sales in September were very disappointing. Total number of cars and light truck sales declined 24.2% in September to 1.14 million units, showed a data provided by market research firm, Autodata Corp.

Executives from the industry blamed early Labor Day weekend for poor sales. The executives said that many cars sold during sales promotions (during Labor Day weekend) were counted in August instead of September. The selling rate stood at 15.28 million compared to an annualized selling pace of 16.09 million.

“August was huge for the industry, but a lot of it was because August got an extra weekend,” said Beau Boeckmann, vice president of Galpin Motors in Southern California, according to the Wall Street Journal.

Overall, Ford’s sales increased 6% in September from the same period of last year while GM’s sales dropped 11%.

Chrysler Group LLC sold 143,017 vehicles last month compared to 976 in the year earlier period.








More Posts by this author

edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. We are not financial professionals. The authors and/or site operators may hold positions in the companies or assets mentioned. Always do your own research before making financial decisions.