In February 2018, Ford Motor (F) stock fell 3.3%, and General Motors (GM) fell 7.2%. As of March 5, 2018, Ford stock has been mixed, falling 0.3%. That’s better than its peers. GM, Fiat Chrysler (FCAU), and Toyota (TM) have fallen 4.1%, 4.5%, and 2.7%, respectively, as of March 5.
In January 2018, Ford stock underperformed its peers and fell 11.2% after reporting mixed 4Q17 results with a dismal 2018 outlook.
Strength in F-Series US sales
In February 2018, Ford’s home market sales declined 6.9% YoY (year-over-year). February was the second consecutive month that Ford reported a YoY weakness in its home market sales amid industry softness. Its fleet sales fell 3.8% in February, and its retail sales declined 8.5% YoY.
There was a sharp decrease of 12.3% YoY in February for Ford’s SUV (sports utility vehicle) sales. But the company reported a solid increase of 3.5% in its F-Series truck sales, which drove its overall US truck sales higher by 1.2% YoY.
February was the tenth consecutive month that Ford’s F-Series sales have grown in the US market. Stronger F-Series sales could have a positive impact on the company’s 1Q18 profitability since trucks tend to yield higher profit margins for automakers than small cars.
In 4Q17, Ford’s adjusted EPS (earnings per share) was $0.39, which was 30% higher than $0.30 in 4Q16. The company also reported a 7% YoY rise in its fourth-quarter revenues.
In the next part, we’ll see how Fiat Chrysler stock traded in February.