Ford Motor Company (F) fell in early trading on Tuesday after the automaker reported a 0.9% decline in U.S. unit sales for November. The Detroit auto giant saw a 2.2% increase in internal combustion vehicle sales offset by a 61% plunge in all-electric sales. The collapse in EV sales was widely anticipated due to the EX tax credit expiration. Hybrid vehicle sales were up 13.6% during the month.
SUV unit sales fell 4.9% year-over-year in November to 64,022 vehicles, while truck sales were flat at 96,696 units. Unit sales of the F-Series were down 9.6% during the month. The standout model during the month was the Mustang, which saw a 79% increase to 4,207 unit sales.
BNP Paribas analyst James Picariello warned earlier in the day that Ford (F) faces a tough path in 2026. The firm favors General Motors (GM) on a valuation basis and due to its sturdier operational track record.
Shares of Ford (F) were down 1.6% at 10:40 a.m. Both Seeking Alpha analysts and Wall Street analysts have a consensus Buy rating on Ford (F). The dividend yield for new buyers of the auto stock is 5.7%.