His father gave him a pocket watch in his early teens. At 15, Ford dismantled and reassembled the timepieces of friends and neighbors dozens of times, gaining the reputation of a watch repairman.
Total auto sales declined by by 9. Ford is outperforming truck sales substantially in the U. One tailwind would be the weak dollar against other major currencies. Other auto manufacturers such as GM also gained 2. In previous months, F was underperforming the domestic automakers regarding monthly sales.
Unit sales declined by 9. Domestic auto sales only fell by 8. To put the data in perspective, auto sales for August dropped by In Septemberthe domestic and import automakers soldunits, representing a decline of 7.
Therefore, I would like to see auto units sold of more thanfor September so that the decline YOY is less than 7.
However, if the decline is less than 7. Figure 1 Figure 2 Ford slightly underperformed the market regarding car sales.
However, it was not as significant as in previous months. The Ford Mustang is the brand to blame because sales dropped by Nonetheless, sales of the Ford Focus improved by 9. I believe that one key driver for improved sales will be the continuing weakening dollar.
As other currencies appreciate against the U.
Ford says the vast amount of data soon to be collected from connected vehicles is a huge positive for the consumer. Ford Motor Company: This Technology is Changing the Auto Industry -- The Motley Fool. Ford continues to shine in the truck department, and going forward, demand for Trucks is likely to remain high. Light Trucks are trendy in Texas, and without a doubt, demand for Trucks will soar. Ford called the new car the Model A, commemorating Ford Motor Company’s first car, the Model A. The car was the first vehicle to sport the iconic Blue Oval logo, and it included innovative features like a Safety Glass windshield.
Perhaps the management should reconsider the positioning strategy for the Changan Ford Focus in China. However, in Augusttruck sales rose by 4.
Therefore, it seems that the demand for trucks weakened slightly compared to last year. Figure 3 Figure 4 Nonetheless, Ford posted a whopping 9. Ford continues to shine in the truck department, and going forward, demand for Trucks is likely to remain high.
Light Trucks are trendy in Texas, and without a doubt, demand for Trucks will soar in coming months. Extracted from Ford Monthly Sales. A tailwind for Ford and other domestic automakers will be the weak dollar. On the other hand, a headwind for Ford, especially for its light truck segment, will be soaring gas prices.
My conclusion Ford is looking interesting here. I am not as bearish as in previous months. There is evidence that Ford may be turning around, and it may be a sound investment opportunity.
However, I am waiting for confirmation when the numbers for September are released. Today, I have a neutral stance on Ford.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it other than from Seeking Alpha.
I have no business relationship with any company whose stock is mentioned in this article. Follow Robinson Roacho and get email alerts Your feedback matters to us! Want to share your opinion on this article? Disagree with this article? To report a factual error in this article, click here.Read Motor Trend's Ford Transit review to get the latest information on models, prices, specs, MPG, fuel economy and photos.
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Ford's stock falls after October sales data. Shares of Ford Motor Co. dropped % in morning trade, after the automaker reported a % drop in total October U.S.
vehicle sales from a year ago to.