Sales slump for Ford
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.