Ford's Sales Should Bounce Back in Q4
Shares of Ford Motor (NYSE: F) sank earlier this month after the company reported a big decline in domestic vehicle deliveries for the third quarter. Investors seem to be worried that the No. 2 U.S. automaker's transition away from making cars in favor of crossovers, SUVs, and trucks will lead to permanent market-share losses.
However, the pain could end soon for Ford shareholders. Indeed, the company is well-positioned for a return to growth in vehicle deliveries in the fourth quarter, and the outlook for 2020 is solid, too.
In the first quarter of 2019, Ford posted a modest 1.6% decline in U.S. vehicle deliveries. In the second quarter, domestic deliveries fell 4.1% year over year. The rate of decline accelerated even further in the third quarter, with sales down 4.9% in the U.S. This stood in sharp contrast to the sales rebound that General Motors (NYSE: GM) reported last quarter.
Source Fool.com
