FYI: Truck sales are one of the less traditional indicators we like to follow to gauge overall strength in the US economy, and more specifically the small business sector. With that premise, this morning's monthly sales figures from Ford weren't exactly positive. In the month of October, Ford sold 63.4K F-Series trucks which was a fractional decline over the total from last October. This represents the third straight month where the monthly total was below the total for that month in the prior year. While this is a negative at the surface, as we have been pointing out over the last few months, some of the slowdown is due to the changeover of plants for the introduction of the new F-150. As the plants and production of the new F-150 come online, these results should improve.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/11/3/for-truck-sales-decline-again.html?printerFriendly=true
