FoxNews.com automotive editor Gary Gastelu shares the newest features of the Ford F-150 hybrid truck.
Ford sales in the fourth quarter of 2020 fell 9.8% compared to 2019, the automaker reported on Wednesday, following the performance of General Motors and Fiat Chrysler in the period.
GM saw a 4.8 percent gain in the last three months of the year, while Fiat Chrysler saw an 8 percent drop. The decline in GM sales for the full year also topped Ford from 11.8 percent to 15.6 percent, with both ahead of Fiat Chrysler’s 17 percent decline.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| F | FORD MOTOR COMPANY | 8.87 | +0.21 | + 2.49% |
| GM | GENERAL MOTORS COMPANY | 43.48 | +1.83 | + 4.41% |
| FCA | FIRST TR EXCH TRADED ALPHADEX FD II CHINA ALPHADEX FD | 29.38 | +0.05 | + 0.17% |
| TSLA | TESLA INC. | 771.19 | +36.08 | + 4.91% |
Ford cited the elimination of sedans from its line and the restricted stock of its new F-150 caused by a combination of plant closures related to the coronavirus and a transition to an updated model as factors that contributed to its results.
The F-Series marked its 44th consecutive year as the best-selling truck in the U.S., but its total of 787,422 fell 12.2% from 2019 and the lowest since 2014.
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“The fourth quarter represented a turning point at Ford in our transition from cars to a much greater focus on iconic trucks, SUVs and electric vehicles to better serve our customers. We started to see our strongest evidence of this in December, with retail sales growing 5.3% with the launch of our new F-150, Bronco Sport and Mustang Mach-E. We are well positioned to see the benefits of our focused efforts throughout 2021, ”wrote Ford Vice President of Sales Andrew Frick in a press release on the results.
The general market fell 15 percent in the year and a large mass automaker reported that sales in the U.S. fell, except for Tesla, which does not split sales in the U.S., but saw a 36 percent increase in global deliveries.