Sales Performance - Ford's total sales in November decreased by 0.9%, indicating a slight decline in overall performance [1] - Hyundai's US sales also fell by 2% in November, reflecting a broader trend in the automotive market [2] Electric Vehicle (EV) Trends - Ford experienced a significant drop in EV sales, down 60.8% in November, attributed to the expiration of the federal tax credit [1] - In contrast, hybrid vehicle sales increased by 13.6%, while internal combustion engine vehicles saw a modest rise of 2.2% [1] Market Conditions - November is typically a slower month for auto sales, with December expected to be busier for automakers [3] - The industry is facing challenges related to affordability, as new car payments exceed $750, impacting consumer purchasing decisions [3]
Ford's U.S. November sales down 0.9%