Ford said that vehicles sales fell 1.8% year over year to 187,000 vehicles sold in November, compared to analysts' estimates of a 2% drop in sales in the month. The company said that it anticipated the drop in sales for the month as it prepared for the launch of the aluminum 2015 F-150 truck.
Watch the video below for an overall look at U.S. auto sales for November:
Sales of Lincoln brand vehicles grew 20.6% year over year to 8,113 in the month, while sales of Ford branded vehicles fell 2.6% to 178,887 in November.
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TheStreet Ratings team rates FORD MOTOR CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate FORD MOTOR CO (F) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."