Sales slump for Ford

Daily Freeman (Kingston, NY) - - BUSINESS -

Ford’s U.S. sales fell 12 per­cent in Oc­to­ber, as a slow­ing mar­ket and a safety re­call hit demand for its cars and trucks.

The news comes amid a chilly au­tumn for the in­dus­try, with U.S. sales down about 4 per­cent in­dus­try-wide last month. Most au­tomak­ers re­ported sales Mon­day, but Ford’s re­sults were de­layed by a day be­cause an elec­tri­cal fire at its Dear­born, Michi­gan head­quar­ters kept deal­ers from re­port­ing their num­bers. Ford sold 188,813 ve­hi­cles in Oc­to­ber. Its car sales plum­meted 27.5 per­cent, while its SUV sales were down 9 per­cent. F-Se­ries pickup sales were flat com­pared to last Oc­to­ber. Ford paused Tran­sit Con­nect com­mer­cial van sales to fix faulty door latches, which also hurt sales. Oc­to­ber was the in­dus­try’s fifth month of year-over-year sales drops in 2016, a sign this year could fall short of last year’s U.S. record of 17.5 mil­lion sales.

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