shares Ford Motor Company (NYSE:F) traded higher after the company reported that retail sales rose 34.3% in September compared to August. The company also reported that retail sales of the Lincoln brand rose 52.6% from the previous month.
“New products and improved inventory levels made Ford America’s best-selling automaker in September. Retail sales were up 34 percent from August, and we increased our retail share by 3.8 percentage points. Inventory turnover is faster than ever, and 31 percent comes in “The much-anticipated Maverick launched successfully at the end of the month, while new Bronco flows to dealerships and transit vehicles were up 200 percent of our retail sales from meeting customer demand,” said Andrew Frick, vice president, Ford Sales in the US and Canada. percent over the previous month.
Should investors sell now? Or is it worth joining Ford Motor?
Ford Motor Company designs, manufactures, markets and services a variety of Ford trucks, cars, SUVs, electric vehicles and Lincoln luxury cars worldwide.
Ford stock was trading 3.7% higher at $14.68 on Monday at press time. The stock hit a 52-week high of $16.45 and a 52-week low of $6.95.
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