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Ford reports 6.6% sales drop in third quarter
Original: Ford sales drop 6.6% in Q3, roughly even when accounting for phaseouts
Ford's US sales fell 6.6% in the third quarter, though the company says the decline was roughly even once accounting for phaseouts of certain models as it transitions its lineup. The automaker is midway through shifting toward electric vehicles and updating its offerings, and quarterly sales figures are being watched closely as a signal of how smoothly that transition is going.
Why now: Investors and industry watchers track Ford's quarterly sales as an indicator of the health of its business during its transition to electric vehicles.
Evidence
- Ford sales drop 6.6% in Q3, roughly even when accounting for phaseouts · Times West Virginian
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