Ford Takes On Water

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Ford’s (F) September vehicle sales dropped 21% in September. But, the have not hit zero yet.

Sales to daily rental companies were down 62 percent, which is part of the company’s program to get away from this business.

Total September sales were 189,863.

Ford, Lincoln and Mercury’s all-new and redesigned crossover utility sales were up 96 percent in September and up 52 percent year-to-date – the largest increase of any major manufacturer say Ford

Cold comfort.

But, the stock rallied anyway, up 3.5% to $8.52.

Douglas A. McIntyre