Ford's U.S. sales decreased an estimated 4.9% to 580,251 units in Q3 2019.
Despite the year-over-year volume drop, Ford is selling the right sales mix as Ford’s truck and SUV mix climbed to 87% of total sales compared to only 82% in the.
This mix is driving bottom-line growth as second-quarter 2019 Automotive EBIT increased 19% year-over-year.
While cash is expected to tighten due to restructuring costs, management is committed to the dividend, and the changes will better position the company for the long term.
Ford (NYSE:F) posted growing automotive profit in the second quarter of 2019 despite declining sales and the trend appears to be continuing with the release of Q3 sales numbers. With the