Ford records fall in sales on slowdown in passenger cars demand

Passenger car sales at the company declined 41% to 63,400 cars.
By : Reuters
| Updated on: 07 Jan 2020, 10:04 AM
FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay/File Photo
FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay/File Photo
FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay/File Photo
FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay/File Photo

Ford Motor Co on Monday posted a 1.3% fall in fourth-quarter vehicle sales as soft demand for passenger cars outweighed higher sales of pick-up trucks.

Ford's figures rounded off U.S. automakers' sales for 2019, with passenger cars falling out of favor with buyers amid lower oil prices and as automakers focused on SUVs and pick-ups that are more profitable.

Total U.S. light-vehicle sales fell by about 1% from 2018, but still finished above 17 million vehicles for the fifth consecutive year.

Discounts during the key holiday season and lower interest rates helped pushed sales of Ford's trucks to 330,075 in the quarter, up from 284,859 trucks a year earlier.

Similar Cars

Find More Cars
Ford Figo (HT Auto photo)
Ford Figo
1194 cc | Petrol | Manual | 18.5 kmpl
₹5.49 - 8.43 Lakhs**Ex-showroom price
Ford Aspire (HT Auto photo)
Ford Aspire
1194 cc | Petrol | Manual | 18.5 kmpl
₹7.24 - 8.73 Lakhs**Ex-showroom price
Ford Freestyle (HT Auto photo)
Ford Freestyle
1194 cc | Petrol | Manual | 18.5 kmpl
₹7.27 - 9.03 Lakhs**Ex-showroom price
Ford Ecosport (HT Auto photo)
Ford Ecosport
1496 cc | Petrol | Manual | 15.9 kmpl
₹7.99 - 11.78 Lakhs**Ex-showroom price
Force Motors Gurkha New (HT Auto photo)
Force Motors Gurkha New
2596 cc | Diesel | Manual
₹13.59 Lakhs**Ex-showroom price
Ford Endeavour (HT Auto photo)
Ford Endeavour
1996 cc | Diesel | Automatic (Torque Converter) | 13.9 kmpl
₹32.75 - 36.27 Lakhs**Ex-showroom price

However, passenger car sales at the company declined 41% to 63,400 cars. The No. 2 U.S. automaker said it sold 601,862 vehicles in the quarter, compared with 609,693 vehicles a year earlier.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

Shares of the company fell as much as 1.6%, while shares of No.1 U.S. automaker General Motors Co declined 1.4%.

Ford sold 896,526 full-size pickup trucks in 2019, outselling rival General Motors Co, which sold 802,962 pickups during the year.

Fellow automakers reported their quarterly sales numbers on Friday.

GM, which was hit by a month-long strike by its 48,000 hourly employees, reported a 6.3% fall in sales for the fourth quarter.

First Published Date: 07 Jan 2020, 10:04 AM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city