US:Ford sales drop 19.5 %, dragged down by SUVs
Ford sales drop 19.5 %, dragged down by SUVs
By Dale Jewett
DETROIT -- Ford Motor Co.'s sales dropped 19.5 percent in September, weighed down by steep drops in sales of its SUVs.
Ford blamed the big drop on high gasoline prices, which have hurt SUV sales, and the success of its employee price incentive program, which motivated many consumers to buy in July and August.
Ford said sales of its mainstay Explorer SUV fell 57.7 percent in September to 12,879 units. Sales of the similar Mercury Mountaineer were down 54.0 percent to 1,771 units.
Sales of the full-sized Ford Expedition were down 60.6 percent for the month to 5,906 units.
Overall, Ford sold 226,948 units in September, including the Ford, Mercury, Lincoln, Volvo, Jaguar and Land Rover brands. For the year to date, sales total 2.52 million units, down 1.4 percent.
Sept. 2005 Sept. 2004 Pct. chng. 9 mos. 2005 9 mos. 2004 Pct. chng.
Co.*** 226,948 281,832 -19.5% 2,488,482 2,523,492 -1.4%
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.
My next Ford.....