The Detroit automaker Ford Motor Firm (NYSE:F) reported a 7.7% Y/Y enhance in U.S. gross sales, reaching 500,504 items in Q3.
This was pushed by elevated gross sales of vans throughout its lineup, with F-Sequence pickup gross sales growing by 13.4% to 190,477 items, together with 3,503 items of the electrical F-150 Lightning.
Complete truck gross sales noticed a 15.3% Y/Y surge to 275,554 items, whereas SUV gross sales dipped 0.3% Y/Y to 194,723 items.
Electrified car gross sales witnessed a 14.8% Y/Y enhance, totaling 20,962 items.
Ford faces a excessive threat of reducing its dividend as a consequence of warning indicators that traditionally precede dividend reductions. The corporate’s Dividend Security Rating is at present rated as ‘F.’
By way of inventory efficiency, Ford’s shares have grown roughly 8% YTD however have declined by about 6% over the previous 6 months.