Ford: US sales down 7.8% in November – 02/12/2022 at 15:51

(CercleFinance.com) — Ford reported a 7.8% drop in U.S. sales on Friday for the month of November, primarily due to a sharp decline in SUV sales.

The second-largest U.S. automaker this morning reported sales of 146,364 new cars in the U.S. last month, up from 158,793 a year earlier.

By vehicle category, the decline reached 1.2% for pick-ups, 13.3% for passenger cars and 15% for SUVs, despite good sales of the new Bronco, which did not offset the weakness of Edge and Explorer.

Ford said its EV sales more than doubled to 6,255 units sold in the month, making it now the second-largest EV maker in the United States after Tesla.

As of around 9:50 am (New York time), Ford shares were down 1.4% in an S&P 500 index down 1.2%.