Ford Motor Co. (F) - Get Report ended a dismal 2018 by selling 220,774 vehicles in December, an 8.8% decline from the 242,049 vehicles it sold in the same month a year ago. For the year, Ford sold 2,497,715 vehicles, a 3.5% year-over-year decline.
Industry watcher Edmunds forecast December sales of 218,111 for Ford, which would have represented a 9.5% year over year decline.
Once again, Ford's F-Series trucks were the company's most popular vehicles in December, but the 106,599 trucks it sold during the month fell 3.8%. Truck and SUV sales accounted for 84% of the company's vehicle sales.
Full year F-Series sales were up 1.4%, despite of December's decline. Meanwhile, Ford SUV sales totaled 797,238 this year, a new sales record for the company.
"December capped another strong year for Ford and the industry -- Ford sold more than 900,000 F-Series trucks in 2018 to extend our leadership position to 42 consecutive years as America's best-selling pickup; our commercial vans mark 40 straight years of leadership and we had a record year for Ford SUVs, all of which helped us post our ninth straight year as America's best-selling brand," said Mark LaNeve, Ford vice president.
Ford sold 34,950 sedans in December 2018, a nearly 30% decline from the 48,380 sedans it sold in the same month last year. For the year, Ford sold 18% fewer sedans.
The stock fell 0.6%.