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Ford reports US sales declines for Q4, FY'19


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Ford reports US sales declines for Q4, FY'19

Ford Motor Co.'s U.S. sales dropped in both the fourth quarter and full year 2019, the automaker said Jan. 6.

The Michigan-based automaker's fourth-quarter sales fell 1.3% year over year to 601,862 vehicles, while its 2019 sales dropped 3% to 2.42 million vehicles.

Ford, which is phasing out sedans in North America, sold 63,400 cars in the fourth quarter, down 41% year over year. It sold 349,091 cars in 2019, down 28.2%.

SUV sales were down 4.1% at 208,387 units in the fourth quarter and down 4.8% at 830,471 vehicles in 2019.

Sales of trucks, however, rose 15.9% to 330,075 vehicles in the three months to Dec. 31, 2019, and increased 9.1% to 1.24 million in the full year, Ford said.

The company's Lincoln brand increased sales 17.8% to 33,355 vehicles in the fourth quarter and 8.3% to 112,204 vehicles for the full year.

Shares of Ford were down 1.4% at $9.08 in morning trading.