Ford’s Sales Slipped Last Month

From USA Today:

Ford Motor’s U.S. sales fell 2.6% in January, compared to a year earlier, as auto industry sales leveled off in a month affected by a mighty storm in the Northeast.

Edmunds.com analysts had projected a 2.4% decline in sales for Ford and a 0.5% decline for the industry.

Following a record year for the industry, a brutal winter storm took a toll on sales in the Northeast in January, though analysts say the effect wasn’t particularly steep.

Ford enjoyed a 4.5% increase in average transaction prices, compared to a year earlier, to $34,504, according to Kelley Blue Book.

The company said its sales decrease was partially attributable to a strong January 2015.

The shares are down to $11.48 today.

Posted by on February 2nd, 2016 at 2:25 pm


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