On Thursday, Shares of Ford Motor Co. (NYSE:F), gained 0.74% to $13.67.
Vetr cut shares of Ford Motor Company (NYSE:F) from a strong-buy rating to a buy rating in a report published on Wednesday morning, Marketbeat.com reports. Vetr presently has $15.01 price objective on the auto manufacturer’s stock.
Ford Motor Company total U.S. sales raised 23 percent in September, with 221,599 vehicles sold. Retail sales also gained 23 percent, with sales of 168,522 vehicles – providing the company with its best September performance in 11 years.
Retail sales improvements were broad-based with passenger car sales up 15 percent, SUVs up 23 percent and trucks up 29 percent.
“Our Ford and Lincoln dealers had an outstanding month, delivering strong sales, with gains in cars, SUVs and trucks in September,” said Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service. “Sales of EcoBoost-equipped vehicles also were strong, driving us to an annual record for EcoBoost sales with three months left in the year.”
F-Series sales of 69,651 trucks posted a 16 percent improvement overall, with retail sales increasing 28 percent. This represents the best September sales for F-Series since 2006, with EcoBoost® representing 64 percent of F-150 retail sales last month.
Ford van performance raised 86 percent with sales of 17,994 vehicles. The all-new Transit, with sales of 10,154 vehicles, drove Ford to its best September commercial van sales since 1987.
Ford brand SUVs achieved the best September results in 12 years, with record September sales for Escape – up 31 percent. Sales of the all-new Edge and new Explorer raised 33 and 38 percent, respectively.
Ford retail car sales grew 15 percent, with total Mustang sales of 9,456 cars representing a 199 percent improvement – and the best September since 2007.
Lincoln sales totaled 8,680 vehicles, a 20 percent improvement. Lincoln saw sales gains in every nameplate in September, counting Lincoln MKC and the all-new Lincoln MKX, which raised 16 and 34 percent, respectively.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories. It offers vehicles primarily under the Ford and Lincoln brand names. This sector markets and sells its products through distributors and dealers, in addition to through dealerships to fleet customers, counting commercial fleet customers, daily rental car companies, and governments.
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