Ford fends off Hyundai to retain No. 3 U.S. sales position in Q3
CNBC • • business
Key Points:
- Ford Motor retained its No. 3 U.S. sales position in the third quarter, narrowly surpassing Hyundai Motor despite forecasts predicting otherwise.
- Ford reported a 6.6% year-over-year decline in sales to 507,395 light-duty vehicles, excluding heavy-duty trucks.
- Hyundai, including its Kia and Genesis brands, saw a 5.4% sales increase to 506,200 vehicles, marking significant growth in the U.S. market.
- Both automakers exceeded expectations, with Hyundai not overtaking Ford as previously predicted by Cox Automotive.
- Ford's production challenges, particularly with its F-Series pickups due to supplier fires last year, contributed to its sales decline.
