Ford sales fall in October, bringing US industry sales down

By The Associated Press
The Associated Press
The Associated Press
November 2, 2016 Updated: November 2, 2016

DETROIT—Ford’s U.S. sales fell 12 percent in October, a steeper-than-expected drop that lowered the overall industry’s sales.

Most automakers reported sales Tuesday, but Ford’s results were delayed by a day because of an electrical fire at its Dearborn, Michigan headquarters.

Overall U.S. auto sales fell 5.8 percent last month, according to revised figures released Wednesday by data firm Autodata Corp. On Tuesday, Autodata had estimated a 4.4-percent sales decline in October, but it had assumed Ford’s sales would fall 2 percent.

Ford sold 188,813 vehicles last month. Its car sales plummeted 27.5 percent, while its SUV sales were down 9 percent.

Ford paused Transit Connect commercial van sales to fix faulty door latches, which also hurt sales. Transit Connect sales dropped 61.5 percent.

One bright spot was Ford’s luxury Lincoln brand, which saw sales rise 7 percent thanks in part to the new Continental sedan.

Ford’s F-Series pickup sales were flat compared to last October, but the F-Series remained the best-selling vehicle in the U.S., with 65,542 sold. The Chevrolet Silverado pickup, Ram pickup, Honda CR-V SUV and Toyota Camry sedan rounded out the top five.

After six straight years of growth and record sales in 2015, U.S. demand for new vehicles is beginning to wane. Industry sales are down slightly through October compared to last year, Autodata said.

Ford Motor Co. cut production at four North American plants last month because of falling demand. Analysts say other automakers may follow with more production cuts in the coming weeks.