Ford Sales Skid 26% in August

Sept. 3, 2008
SUV sales plunged 53% and trucks dropped 39%

Ford Motor Co. said on Sept. 3 its August U.S. sales slid 26.6% from a year ago, citing a "weak economy."

The number two US automaker said it sold 155,690 vehicles from its domestic nameplates and the Volvo brand. Ford cited "higher demand" for fuel-efficient small cars and SUVs but this was offset by other factors.

"We expect the second half of 2008 will be more challenging than the first half, as weak economic conditions and the consumer credit crunch continues," said Jim Farley, Ford group vice president.

Ford's domestic nameplate sales -- Ford, Lincoln and Mercury -- totaled 151,021, down 25.6% from a year ago. That resulted from a 53% slide in sales of SUVs and 39% for trucks. Sales to fleet customers were off 31%. Volvo sales slumped 28.8% to 4,669.

Ford now plans to produce 890,000 vehicles in the second half of 2008, a drop of 50,000 from earlier forecasts.

Ford earlier this year sold its Jaguar and Land Rover nameplates to India's Tata Motors. In 2007 it shed the Aston Martin brand.

Copyright Agence France-Presse, 2008

Popular Sponsored Recommendations

3D Printing a More Efficient Factory Floor

Nov. 16, 2023
Today’s additive manufacturing platforms make it simple to print a wide range of high-performing industrial parts as soon as possible and right where you need them — unlocking...

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

You Cannot Stay Competitive by Bolting New Technologies to a Legacy ERP

Oct. 20, 2023
Read this white paper to understand the benefits of shifting to a next-generation ERP system as part of a DOP.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!