12/2/2020, 4:29 PM (Source: TeleTrader)
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Ford: Sales drop 20.9% in US in November

Ford Motor Company revealed on Wednesday that its total sales in the United States stood at 149,931 in November, plunging 20.9% from the same month the previous year.

Year-on-year, retail sales declined by 16.9% and truck sales dropped 20.9% in November 2020. The carmaker added that it sold 16.4% fewer SUVs and 39.1% fewer cars compared to the corresponding month in 2019.

"November's total industry declined 15 percent on total sales of 1.24 million vehicles. At retail, Ford estimates the industry was off 12 percent, while fleet was down 25 percent. Industry declines are largely attributed to one less weekend in November this year than last year and a renewed focus on stay-at-home policies due to rising coronavirus cases," the company also said in a statement.

Breaking the News / MS