Ford's August Sales Weighed Down by Electrified Vehicle, SUV Declines
Dow Jones09-02
Ford Motor sales fell again in August, dragged down by further declines in electrified vehicles and SUVs.
Total vehicle sales slid 10.3% to 170,681 in August, driven by a 41.5% drop in electrified-vehicle sales and a 4.6% decline in sales of internal combustion vehicles.
By type, SUVs had the biggest slowdown, with sales falling 23.3%. Car sales increased 12.7% and truck sales fell less than 1%.
By brand, the Ford Escape and Ford Mustang Mach-E weighed on SUV sales the most, dropping 88.2% and 72.5%, respectively.
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