Ford Behind the Numbers
Last week, as you undoubtedly know, the industry announced its April sales results. One set of results strikes me as particularly interesting, as if we get away from the top line, they’re rather interesting.
I’m talking about the numbers from the Ford Motor Co., Ford and Lincoln brands.
Overall, the company reported a 7.2 percent decline for this April compared with last, and a 5.1 percent decline for the first four months of this year compared with the same period in 2016.
In terms of Ford cars, the only model that doesn’t have a minus sign in front of its sales is the GT because there weren’t any available last year, so the 2 that were delivered in April was to the plus side. (In case you’re wondering: 7 for the year.)
But what has become the core for the brand is doing rather well, with the Escape being up in April by 7.2 percent, the Edge up 5.8 percent, and the Expedition, that massive SUV that is soon to be replaced by a new one, up 13.2 percent (and I’m sure they’re thanking low gas prices in Dearborn for that one). Admittedly, the Explorer was off by 2.5 percent, but when you look at the sales numbers for that utility—19,771 in April—you need to take into account that (1) it is second only to the Escape (25,637) and (2) the closest Ford car to it is the Fusion, at 16,697.
Then there is something that is hard to conceive of: Ford trucks were down in April by 7.5 percent.
Yes, even the F-Series sales were off by 0.2 percent compared with April 2016. But that said, there were 70,657 of the pickups sold.
Let’s put that number in some perspective.
All Ford brand cars—Fiesta, Focus, C-MAX, Fusion, Taurus, Police Interceptor Sedan, GT, Mustang—had combined sales of 46,175 in April.
Not even near the F-Series sales.
All Ford brand SUVs—Escape, Edge, Flex, Explorer, Police Interceptor Utility, Expedition—had combined sales of 67,309 in April.
Close, but still the F-Series wins.
And there is another factor, one not widely reported when the sales numbers are discussed: According to Ford, although the sales of the F-Series declined by two-tenths of a percent, the average transaction price for the vehicles increased a sizeable $3,700.
Sure, how many you make matters. But what you can sell them for matters a whole lot, too.
It’s the fifth generation of a vehicle that has been increasing in sales year after year since its introduction in 1997.
When you think of Costco, you probably think about buying lots of stuff for your home and your family, but there are probably some things that don’t necessarily come to mind when you think of the membership-based store chain.
The way people are going to get transportation is changing the world over. Get ready for it.