Ford reports weak US sales in third quarter
2024.10.02 09:35
(Reuters) – Ford (NYSE:) on Wednesday joined the automotive industry in reporting a weaker growth in third-quarter U.S. new vehicle sales, as buyers continued to shy away from purchases on affordability concerns.
Major automakers in the United States, including Toyota (NYSE:) and General Motors (NYSE:), reported weaker sales for the third quarter on Tuesday, with some citing affordability concerns and fewer selling days as a drag on performance.
Ford’s overall sales in the quarter rose to 504,039 units from 500,504 a year ago. This compares to a 7.7% rise in sales for the same period last year.
Overall, U.S. new vehicle sales in September stood at around 1.17 million units, which represents a seasonally adjusted annual rate of 15.77 million units, according to data released by Wards Intelligence on Tuesday.
