Ford’s sales up 16% in third quarter, despite September decline

Ford F-150 Lightning at the 2022 New York Auto Show.

Scott Mlyn | CNBC

DETROIT – Ford Motor on Tuesday said its sales in the third quarter increased about 16% compared with a year earlier, despite a larger-than-expected decline in September.

The Detroit automaker, which reports sales monthly, said it sold 142,644 vehicles last month, an 8.9% decline from a year earlier. The loss caused the automaker to miss quarterly sales expectations of Cox Automotive and Edmunds, which forecast gains of 19% and 17.8%, respectively.

Ford’s stock was up about 5% in early morning trading, outpacing a broader uptick in the market.

Ford auto sales decline 8.9% year-over-year in September while EV sales skyrocket 197.3%

This is a developing story. Please check back for additional updates.

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