DEARBORN , Mich., Dec. 1, 2015 - Ford Motor Company November U.S. sales totaled 187,794 vehicles, up slightly at 0.4 percent compared to a year ago.
Through November, overall Ford sales are up 5 percent versus the same period a year ago. Erich Merkle, Ford Sales Analyst explains.
Cut#1 'It was another really impressive year for the industry, and for Ford, our sales totaled 187,794 vehicles, which was up slightly from a year ago, but what really stood out were F-Series.' :13 sec
Then you would say, F-Series really stepped up its sales in the month of November?
Cut#2 'Yea, so F-Series really came out, charged forward. Sales were up at retail 16 percent, boosting our overall sales by 10 percent. When we combine F-Series with commercial vans which were up 59 percent, Ford had its best Truck performance in eight years.' :18 sec.
Where did you see the strongest customer demand?
Cut#3 'Trucks really stole the show, so when you look at F-Series up 10 percent, then our commercial vans, things like Transit and Transit Connect, Transit was double sales of a year ago. Transit Connect was up 94 percent had its best November ever, so our trucks and vans really flew off the shelves.' :20 sec.
Merkle sees this sales momentum carrying the company into a strong finish for the year.
Cut#4 'We expect to have a very nice fourth quarter, particularly when you start taking a look at the first two months of the fourth quarter, we feel pretty optimistic as we get into December and finish out the remainder of the year.' :11 sec.
Ford's lower incentive spending and strong model series mix in November boosted average transaction prices $3,800 versus year-ago levels - the largest gain among any major automaker. Ford cars, SUVs and trucks all delivered higher transaction prices. Merkle sees 2015 ending on a high note.
Cut#5 'Our industry guidance for the year, we're looking at about 17.7 million vehicles, somewhere right around 17.7 it looks like this will likely be a record year for the industry.' :10 sec.
Ford Motor Company is the biggest car manufacturer in the world. Net sales break down by activity as follows:
- car sales (92.5%): Ford and Lincoln brands;
- financing services (5.9%): primarily vehicle purchase financing;
- other (1.6%).
Net sales are distributed geographically as follows: the United States (66.4%), Canada (7.6%), the United Kingdom (5.1%), Mexico (1.6%) and other (19.3%).