Ford Starts Off the New Year by Pissing Us Off

Steph Willems
by Steph Willems

Are there fits of childlike, fists-clenched glee occurring in the Glass House right now? Quite possibly, and not just because someone brought a scooter into the building.

Don’t say we didn’t predict it. Ford, following in the footsteps of rival General Motors, says it plans to switch to quarterly sales reporting in 2019. While this move would even out the monthly spikes and troughs caused by fleet timing, it ends up meaning less data available to journos and the public.

The rage felt by those who enjoy poring over monthly sales stats burns like a thousand Ivy Mike bombs. Matthew Guy just took a header into a snowbank to cool off.

In breaking the seal, GM started an annoying trend that’ll surely be picked up by other automakers (Tesla reports quarterly, but GM was first among legacy OEMs). Don’t be surprised to see Fiat Chrysler go the same route by the end of the year.

While many regard the move as a way of keeping the PR ball mostly in the automaker’s court in this new era of cooling auto sales, companies (and some analysts) would argue that quarterly reports provide a clearer picture of a vehicle’s sales health over the long run. That doesn’t mean we can’t piss and moan about it.

As for actual sales, Ford’s 2018 report card is in. With total fleet sales up just a tick, Ford’s U.S. sales volume fell 3.5 percent last year, with the Blue Oval brand showing a 3.3 percent loss and the Lincoln division posting a 6.8 percent drop. December sales (this is the last time we’ll have to say those words in relation to Ford) fell 8.8 percent — a figure encompassing both brands.

How did Ford’s volume break down in relation to bodystyle? Take a guess. This is the company that celebrated 2018 by culling all cars save the Mustang, so traditional passenger vehicles boasting trunks and hatchbacks did not fare well — not that they’re doing all that hot anywhere else. Sales of Ford and Lincoln cars sank 18.4 percent in 2018. Crossovers and SUVs barely made it into the red, with a 0.5 percent sales increase. Trucks, on the other hand, posted a gain (shocker!), with sales up 1.4 percent. Expect their share of Ford’s volume to rise markedly in 2019, once the Ranger comes online.

We’ll have a full overview of the industry’s 2018 sales for you later today. Matthew just needs to thaw out first.

[Image: Ford Motor Company]

Steph Willems
Steph Willems

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  • Inside Looking Out Inside Looking Out on Jan 03, 2019

    No big deal. All Silicon Valley companies report only quarterly results. I personally do not care how much they sell each month.

  • Don1967 Don1967 on Jan 04, 2019

    Pity the modern auto journalist who will feel lost without a constant stream of data porn to copy and paste, or the millennial whose iPhone will suddenly go blank right in the middle of eating his Frosted Flakes. I fear that this trend will spread to Wall Street, where financial reporters will start providing thoughtful analysis into long-term business fundamentals while the most recent Trump tweet gets completely ignored. These are dark times in which we live.

  • Probert They already have hybrids, but these won't ever be them as they are built on the modular E-GMP skateboard.
  • Justin You guys still looking for that sportbak? I just saw one on the Facebook marketplace in Arizona
  • 28-Cars-Later I cannot remember what happens now, but there are whiteblocks in this period which develop a "tick" like sound which indicates they are toast (maybe head gasket?). Ten or so years ago I looked at an '03 or '04 S60 (I forget why) and I brought my Volvo indy along to tell me if it was worth my time - it ticked and that's when I learned this. This XC90 is probably worth about $300 as it sits, not kidding, and it will cost you conservatively $2500 for an engine swap (all the ones I see on car-part.com have north of 130K miles starting at $1,100 and that's not including freight to a shop, shop labor, other internals to do such as timing belt while engine out etc).
  • 28-Cars-Later Ford reported it lost $132,000 for each of its 10,000 electric vehicles sold in the first quarter of 2024, according to CNN. The sales were down 20 percent from the first quarter of 2023 and would “drag down earnings for the company overall.”The losses include “hundreds of millions being spent on research and development of the next generation of EVs for Ford. Those investments are years away from paying off.” [if they ever are recouped] Ford is the only major carmaker breaking out EV numbers by themselves. But other marques likely suffer similar losses. https://www.zerohedge.com/political/fords-120000-loss-vehicle-shows-california-ev-goals-are-impossible Given these facts, how did Tesla ever produce anything in volume let alone profit?
  • AZFelix Let's forego all of this dilly-dallying with autonomous cars and cut right to the chase and the only real solution.
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