If Ford is any Indication, This Month is Going to be Ugly
Ford sales were down by 26% from last year in the month of August. Trucks and Vans were down 38.6%, SUVs were down 50.2% and cars were down ...
https://iskablogs.blogspot.com/2008/09/if-ford-is-any-indication-this-month-is.html
Ford sales were down by 26% from last year in the month of August.
Trucks and Vans were down 38.6%, SUVs were down 50.2% and cars were down 9.6%.
That includes the Ford Taurus (down 23.7%)
One of the few bright spots was the Escape, which was up 17.3%.
If Ford is any indication of the type of month car manufacturers had, it's going to get reeeeallly ugly by the time all the reports are in.
Press Release From Ford follows:
Trucks and Vans were down 38.6%, SUVs were down 50.2% and cars were down 9.6%.
That includes the Ford Taurus (down 23.7%)
One of the few bright spots was the Escape, which was up 17.3%.
If Ford is any indication of the type of month car manufacturers had, it's going to get reeeeallly ugly by the time all the reports are in.
Press Release From Ford follows:
DEARBORN, Mich., Sept. 3 /PRNewswire-FirstCall/ -- Higher demand for
the fuel-efficient Ford Focus and Ford Escape continued in August, as
consumers continued moving to smaller and more fuel-efficient vehicles.
Ford Focus sales were up 23 percent and Escape sales were up 17 percent
versus a year ago, while the impact of a weak economy and lower demand for
large trucks and SUVs resulted in double-digit sales declines for Ford and
the auto industry.
"The Focus and Escape offer the features and fuel economy today's
consumer's want," said Jim Farley, Ford group vice president, Marketing and
Communications.
The 2009 Escape, with its new 2.5-liter four-cylinder engine and
six-speed transmission, delivers class-leading highway fuel economy of 28
mpg -- matching the 2009 Toyota RAV4 and topping the Honda CR-V. The 2009
Escape Hybrid delivers 34 mpg in the city and 31 mpg on the highway, making
it the most fuel-efficient utility vehicle available.
The 2009 Focus has similarly impressive fuel economy with an EPA
highway fuel economy of 35 mpg -- equal to the Toyota Corolla and the
smaller 2009 Honda Fit.
Overall, during August, Ford, Lincoln and Mercury vehicle sales totaled
151,021, down 26 percent. The decline primarily reflects lower demand for
SUVs (down 53 percent) and trucks (down 39 percent) and lower sales to
fleet customers (down 31 percent).
"We expect the second half of 2008 will be more challenging than the
first half, as weak economic conditions and the consumer credit crunch
continues," said Farley.
North American Production
Ford now plans to produce 890,000 vehicles in the second half of 2008
(420,000 vehicles in the third quarter and 470,000 vehicles in the fourth
quarter).
The second-half plan is 50,000 vehicles lower than the previous plan
(20,000 vehicles in the third quarter and 30,000 vehicles in the fourth
quarter). The reduction primarily reflects lower sales to daily rental
companies, lower production associated with the transfer of the Ford
Expedition and Lincoln Navigator from Michigan Truck Plant to Kentucky
Truck Plant, and a downward revision to the company's U.S. industry sales
forecast (to the low end of the previously provided range of 14.0 to 14.5
million).
Note: The sales data included in this release and the accompanying
tables are based largely on data reported by dealers representing their
sales to retail and fleet customers.
About Ford Motor Company
Ford Motor Company (NYSE: F), a global automotive industry leader based
in Dearborn, Mich., manufactures or distributes automobiles across six
continents. With about 229,000 employees and about 90 plants worldwide, the
company's core and affiliated automotive brands include Ford, Lincoln,
Mercury, Volvo and Mazda. The company provides financial services through
Ford Motor Credit Company. For more information regarding Ford's products,
please visit our website at http://www.ford.com.
FORD MOTOR COMPANY AUGUST 2008 U.S. SALES
-----------------------------------------
August % Year-To-Date %
------ ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------
Sales By Brand
Ford 133,088 180,282 -26.2 1,250,834 1,465,888 -14.7
Lincoln 9,540 10,423 -8.5 75,253 92,685 -18.8
Mercury 8,393 12,296 -31.7 90,400 118,340 -23.6
----- ------ ------ -------
Total Ford,
Lincoln and
Mercury 151,021 203,001 -25.6 1,416,487 1,676,913 -15.5
Volvo 4,669 9,119 -48.8 55,974 72,476 -22.8
----- ----- ------ ------
Total Ford
Motor
Company 155,690 212,120 -26.6 1,472,461 1,749,389 -15.8
Ford, Lincoln and
Mercury Sales By
Type
Cars 52,677 57,812 -8.9 510,299 537,789 -5.1
Crossover Utility
Vehicles 32,927 33,348 -1.3 273,320 270,291 1.1
Sport Utility
Vehicles 10,852 23,087 -53.0 119,773 196,044 -38.9
Trucks and Vans 54,565 88,754 -38.5 513,095 672,789 -23.7
------ ------ ------- -------
Total Trucks 98,344 145,189 -32.3 906,188 1,139,124 -20.4
------ ------- ------- ---------
Total
Vehicles 151,021 203,001 -25.6 1,416,487 1,676,913 -15.5
FORD BRAND AUGUST 2008 U.S. SALES
---------------------------------
August % Year-To-Date %
------ ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------
Crown Victoria 3,930 3,340 17.7 35,695 42,668 -16.3
Taurus 4,462 5,851 -23.7 40,478 48,284 -16.2
Fusion 9,073 12,511 -27.5 107,603 100,553 7.0
Focus 16,387 13,282 23.4 155,036 123,158 25.9
Mustang 8,197 11,512 -28.8 73,961 99,537 -25.7
GT 0 0 NA 0 231 -100.0
- - - ---
Ford Cars 42,049 46,496 -9.6 412,773 414,431 -0.4
Flex 2,010 0 NA 5,593 0 NA
Edge 9,962 10,165 -2.0 87,197 78,044 11.7
Escape 14,025 11,960 17.3 116,511 116,605 -0.1
Taurus X 1,670 4,863 -65.7 18,473 27,346 -32.4
----- ----- ------ ------
Ford Crossover
Utility
Vehicles 27,667 26,988 2.5 227,774 221,995 2.6
Expedition 3,867 6,883 -43.8 39,627 65,386 -39.4
Explorer 5,502 11,929 -53.9 60,841 97,845 -37.8
----- ------ ------ ------
Ford Sport
Utility
Vehicles 9,369 18,812 -50.2 100,468 163,231 -38.5
F-Series 40,429 69,220 -41.6 359,971 481,146 -25.2
Ranger 4,920 4,783 2.9 50,900 53,415 -4.7
Econoline/Club
Wagon 8,081 12,821 -37.0 93,802 118,866 -21.1
Freestar 0 0 NA 0 2,390 -100.0
Low Cab Forward 55 266 -79.3 690 2,114 -67.4
Heavy Trucks 518 896 -42.2 4,456 8,300 -46.3
--- --- ----- -----
Ford Trucks and
Vans 54,003 87,986 -38.6 509,819 666,231 -23.5
------ ------ ------- -------
Ford Brand 133,088 180,282 -26.2 1,250,834 1,465,888 -14.7
LINCOLN BRAND AUGUST 2008 U.S. SALES
------------------------------------
August % Year-To-Date %
------ ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------
MKS 2,374 0 NA 5,038 0 NA
MKZ 2,358 3,216 -26.7 23,336 22,948 1.7
Town Car 672 855 -21.4 10,654 24,969 -57.3
MKX 2,651 3,421 -22.5 22,224 23,145 -4.0
Navigator 923 2,163 -57.3 10,725 15,765 -32.0
Mark LT 562 768 -26.8 3,276 5,858 -44.1
--- --- ----- -----
Lincoln Brand 9,540 10,423 -8.5 75,253 92,685 -18.8
MERCURY BRAND AUGUST 2008 U.S. SALES
------------------------------------
August % Year-To-Date %
------ ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------
Grand Marquis 2,182 2,245 -2.8 21,492 35,543 -39.5
Sable 1,226 1,987 -38.3 12,928 14,814 -12.7
Milan 1,816 3,013 -39.7 24,078 25,084 -4.0
Mariner 2,609 2,939 -11.2 23,322 25,151 -7.3
Mountaineer 560 2,112 -73.5 8,580 17,048 -49.7
Monterey 0 0 NA 0 700 -100.0
- - - ---
Mercury Brand 8,393 12,296 -31.7 90,400 118,340 -23.6
VOLVO BRAND AUGUST 2008 U.S. SALES
----------------------------------
August % Year-To-Date %
------ ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------
S40 512 1,463 -65.0 7,715 13,513 -42.9
V50 100 211 -52.6 1,251 1,961 -36.2
S60 467 1,950 -76.1 7,187 13,529 -46.9
S80 576 1,320 -56.4 8,233 8,650 -4.8
V70 195 430 -54.7 2,531 2,512 0.8
XC70 772 870 -11.3 7,074 8,036 -12.0
XC90 1,175 2,556 -54.0 14,186 21,011 -32.5
C70 462 293 57.7 4,606 3,213 43.4
C30 410 26 1,476.9 3,191 51 6156.9
--- -- ----- --
Volvo Brand 4,669 9,119 -48.8 55,974 72,476 -22.8
