Ford’s sales up 16% in third quarter, despite September decline

Ford F-150 Lightning at the 2022 New York Car Present.

Scott Mlyn | CNBC

DETROIT – Ford Motor on Tuesday explained its sales in the 3rd quarter amplified about 16% compared with a yr before, even with a larger-than-expected drop in September.

The Detroit automaker, which experiences product sales every month, stated it sold 142,644 automobiles past month, an 8.9% drop from a calendar year earlier. The decline brought on the automaker to overlook quarterly product sales anticipations of Cox Automotive and Edmunds, which forecast gains of 19% and 17.8%, respectively.

Ford’s inventory was up about 5% in early early morning buying and selling, outpacing a broader uptick in the industry.

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