Ford Sales in the US Fall Five Percent in September

Summary: Ford Motor Co September sales dropped due to the end of the government’s “Cash for Clunkers” program.

Based on records, Ford sales in the US dropped by more than five percent but company executives said that it is a welcoming event, saying that it is a sign that the economic, particularly the car market, is now moving back to normal.

A new data showed that Ford Motor Co. auto sales in the United States has dropped by around five percent in September as Americans began to hold back a new in buying new vehicles following the successful “cash for clunkers” program of the government,

Based on records, the core brands under Ford Motor like Mercury, Ford, and Lincoln has registered a six percent decline in sales.

The year-over-year sales of the auto company also fell from 120, 788 to 114, 655 company executives said. They added that it was the effect of the “big slowdown” that usually comes after government programs like the clunkers.

However, Ford said that the recent drop in their sales is a welcoming development, saying that it only shows that the market is ticking.

The executives added those retailers’ showrooms were the only ones that got hit by the slowdown resulting to a 14 percent drop in September. But they said that sales with fleet customers such as car rental shops have increased by more than 23 percent.

Volvo, which is also under Ford, has registered a 16 percent increase with more than $4, 700 vehicles sold in September. But Ford revealed that they are now discussing terms with prospective buyers to sell the Volvo brand.