Underlying U.S. trends strong for Ford

|About: Ford Motor Company (F)|By:, SA News Editor

Ford (F +1.2%) reports solid demand for trucks and SUVs during February, while passenger car sales fell off sharply.

Sales growth by brand: Ford -4.5% to 199,696 units, Lincoln +8.8% to 8,744 units.

Sales growth by model: Ford Fiesta +6% to 3,981; Ford Fusion -35% to 16,512; Ford C-MAX -4% to 1,315; Ford Mustang -17% to 8,298; Ford F-Series +9% to 65,956; Ford Explorer -4% to 19,145; Ford Transit -10% to 10,346; Lincoln MKZ -3% to 2,074; Lincoln SUVs +5% to 5,574.

Ford's average transaction price +5.5% Y/Y to $38,601 (per KBB), due largely to a shift in mix.

"We continue seeing strong consumer demand for the highest-series Super Duty pickups and the all-new F-150 Raptor, plus greater availability of 2017 model year F-150s," notes U.S. sales exec Mark LaNeve.

Ford's inventory fell to 79 days supply, a solid mark for this time of year.

Previously: Ford U.S. sales drop 4% in February (March 1)

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