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Ford Delivers Solid Domestic Sales Results in Q3

TheMotleyFool

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Ford Delivers Solid Domestic Sales Results in Q3

Three months ago, Ford Motor Company (NYSE: F) reported that its domestic vehicle deliveries plunged by 33% in the second quarter, as the COVID-19 pandemic weighed on traffic to car dealers and devastated fleet sales.

Given that Ford was already struggling with profit pressure prior to 2020, investors dumped Ford stock earlier this year over fears about the pandemic's impact. However, sales in Ford's most important market -- the U.S. -- bounced back nicely last quarter. This is a good sign for the company's nascent turnaround effort, and it could support further gains for Ford stock.