Ford's August vehicles sales drops by one-third from last year

Ford Motor Co. F, -0.04% reported August full conveyance income that dropped by one-third from a twelvemonth ago, with crisp declines successful each types of vehicles, though electrical vehicles income jumped by two-thirds to a caller August record. The automaker's banal was small changed successful greeting trading. Total income were 124,176 vehicles, down 33.1% from a twelvemonth ago, arsenic trucks income dropped 29.4%, SUV income fell 25.3% and car income slid 86.0%. Within trucks, F-Series income fell 22.5% to 57,321 vehicles. Meanwhile, electrified conveyance income roseate 67.3% to 8,756 vehicles. Reservations for Ford's afloat electrical F-150 Lightning motortruck surpassed 130,000 vehicles. On a monthly basis, Ford said August retail income accrued 6.5% from July, with F-Series retail income increasing 11% to people the champion F-Series income period since the spot shortage began. Ford's banal has dropped 12.1% implicit the past 3 months done Wednesday, portion the S&P 500 SPX, +0.37% has gained 7.9%.