Ford’s sales fell by over 30% in April
It was still expected. Although Ford is the only one of three major U.S. manufacturers have not appealed for financial assistance from the federal government through the motor Obama plan, its business are not very bright.
The automaker reported Friday a 31.4% decline in sales of new cars in the United States in April slippery annual value, the number of units sold amounting to 129,898.
Let’s be precise, this figure refers to sales made under the brands Ford, Mercury and Lincoln.
Including those of Volvo, the Swedish subsidiary, the group wishes to sell, Ford sold 134,401 vehicles last month (-31.6%).
Good news however: Ford has acknowledged that he had regained market share in April for the sixth time in seven months. The manufacturer estimates its market share in the United States around 13.5%.
Looking at the results per category of vehicles that include sedans saw their sales fall by 28.8% yoy to 52,463 units. Heavy vehicles like 4 × 4 and pick-ups have registered for their share decreased from 33% to 77,435 units.
Results of races alongside stock markets: the New York Stock Exchange, the Ford lost 3.18% to 5.79 dollars to 16H 00 GMT.
Sources: AFP, Reuters