Ford's sales up 16% in third quarter, despite September decline

DETROIT – Ford Motor connected Tuesday said its income successful the 3rd 4th accrued astir 16% compared with a twelvemonth earlier, contempt a larger-than-expected diminution successful September.

The Detroit automaker, which reports income monthly, said it sold 142,644 vehicles past month, an 8.9% diminution from a twelvemonth earlier. The nonaccomplishment caused the automaker to miss quarterly income expectations of Cox Automotive and Edmunds, which forecast gains of 19% and 17.8%, respectively.

Ford's banal was up astir 5% successful aboriginal greeting trading, outpacing a broader uptick successful the market.