
Used Lincoln Navigator Is Large And In Charge
Vehicle Pick of the Week: This SUV is perfect for making multiple trips to the airport during this busy holiday season.
Lincoln's total sales were only up 1.3%, but its retail sales increased 8% last month, which is even more impressive when considering management believes the premium segment declined about 2% to 3% in September.
The MKX continues to be a runaway success story for the brand, with its sales up nearly 50% year to date. It was also the first month of deliveries for Ford's flagship Lincoln Continental. The all-new Continental posted sales of 775 units and units were being driven off dealership lots within just six days.
"They [dealers] couldn't be more delighted with the launch to date, and not just the reception of the Continental, but some of the other Lincolns that have brought new customers into the Lincoln showroom. And they're selling MKZs and MKXs off of that traffic," said Mark LaNeve, vice president of U.S. marketing, sales and service, on the sales conference call.
Overall, Ford Motor Company (NYSE: F) trailed the automotive industry in September sales, with total sales dropping 8%, down to 204,447 units, compared to the prior year. A large part of the decline was due to a 21% decline in fleet sales, but Ford's retail sales were also off 4%. The industry's total light-vehicle sales dropped 0.7% in September, but are still clinging to a year-to-date increase of 0.3% compared to the same time frame in 2015. While it wasn't a strong month for Ford in terms of total sales, there were some bright spots in the data.
Source: Madison.com
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