Ford Motor Co.'s sales fell nearly 9% year-over-year in September amid continued supply constraints but were up 16% in the third quarter, according to sales numbers released Tuesday.
The Dearborn automaker sold 142,644 vehicles in the U.S. last month, down 8.9% from September 2021. For the quarter, Ford sold 464,674 vehicles — below some analysts' expectations but up from the 400,843 it sold during the July-September period last year.
The results come one day after much of the rest of the auto industry reported mixed results for the third quarter — and as analysts and dealers say they're starting to see the effects of rising interest rates on consumer demand, even as supply remains one of the industry's biggest challenges. Interest rates for auto loans hit their highest level since 2019 in Q3, according to Edmunds.com Inc.
