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Oct. 15, 2021, 9:30 a.m. EDT

Ford stock gains after China sales report, with Q3 down but year-to-date sales up

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By Tomi Kilgore
F GM SPX

Shares of Ford Motor Co. /zigman2/quotes/208911460/composite F -2.47% edged up 0.4% in premarket trading Friday, after the automaker reported overnight third-quarter China vehicle sales that fell from a year ago, amid continued challenges resulting from the semiconductor shortage, but outperformed its U.S. vehicle sales performance by a wide margin. The company said it sold 150,100 vehicles in Greater China during the quarter, down 8.7% from a year ago, while Lincoln brand passenger vehicle sales increased 24%. The year-to-date total has reached 457,000 vehicles, up 11% from the year-ago period. That compares with a 25.8% decline in third-quarter U.S. vehicles sales, with Lincoln-brands sales down 35.8%, according to a MarketWatch analysis of monthly data, and a 7.0% drop in year-to-date sales through September. Ford's stock has soared 75.8% year to date through Thursday, while shares of rival General Motors Co. /zigman2/quotes/205226835/composite GM -3.25% have rallied 38.5% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.27% has advanced 16.8%.

/zigman2/quotes/208911460/composite
US : U.S.: NYSE
$ 19.75
-0.50 -2.47%
Volume: 49.43M
Nov. 26, 2021 1:10p
P/E Ratio
27.25
Dividend Yield
2.03%
Market Cap
$80.92 billion
Rev. per Employee
$683,570
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/zigman2/quotes/205226835/composite
US : U.S.: NYSE
$ 60.17
-2.02 -3.25%
Volume: 13.27M
Nov. 26, 2021 1:10p
P/E Ratio
8.04
Dividend Yield
0.00%
Market Cap
$90.29 billion
Rev. per Employee
$790,226
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/zigman2/quotes/210599714/realtime
US : S&P US
4,594.62
-106.84 -2.27%
Volume: 2.10B
Nov. 26, 2021 2:12p
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