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MarketScreener Homepage  >  Equities  >  Nyse  >  Ford Motor Company    F

FORD MOTOR COMPANY

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Brazil Vehicle Sales Plummeted in March vs Year Earlier as Dealers Closed

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04/06/2020 | 09:26am EDT

By Jeffrey T. Lewis

 

SAO PAULO--Sales of motor vehicles plummeted in Brazil from a year earlier as car dealers closed up and demand shrank amid the spread of the coronavirus around the country.

Sales of cars dropped to 163,600 in March, a decline of 21.8% from the same month a year earlier and down 18.6% from February of this year, according to the National Association of Motor Vehicle Manufacturers, or Anfavea. Sales of trucks reached 6,400 in March, down 15.3% from a year earlier, but up 0.4% from February.

Sales in the first half of March were going well as Brazil's economy was growing, but in the second half car dealerships began to close around the country, said Anfavea President Luiz Carlos Moraes in a video posted to the group's Facebook page.

A total of 63 plants around the country, including those of manufacturers such as Ford. Motor Co. and General Motors Co., shut down operations during the second half of March to try to slow the spread of the illness,

Car production fell also sharply in March, to 190,000, a decline of 21.1% from a year earlier and down 7% from February. Truck production rose 1% from a year earlier, to 8,400, but was down 7.9% from February, Anfavea said.

 

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com

 
 

(MORE TO FOLLOW) Dow Jones Newswires

04-06-20 0925ET

Stocks mentioned in the article
ChangeLast1st jan.
FACEBOOK -0.16% 225.09 Delayed Quote.9.67%
FORD MOTOR COMPANY -2.39% 5.71 Delayed Quote.-38.60%
GENERAL MOTORS COMPANY -3.00% 25.88 Delayed Quote.-29.29%
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Financials (USD)
Sales 2020 114 B - -
Net income 2020 -5 249 M - -
Net Debt 2020 2 029 M - -
P/E ratio 2020 -3,46x
Yield 2020 2,81%
Capitalization 22 709 M 22 709 M -
EV / Sales 2019
EV / Sales 2020 0,22x
Nbr of Employees 190 000
Free-Float 98,0%
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Technical analysis trends FORD MOTOR COMPANY
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Mean consensus HOLD
Number of Analysts 21
Average target price 5,57 $
Last Close Price 5,71 $
Spread / Highest target 57,6%
Spread / Average Target -2,41%
Spread / Lowest Target -38,7%
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Managers
NameTitle
James P. Hackett President, Chief Executive Officer & Director
William Clay Ford Executive Chairman
James D. Farley Chief Operating Officer
Timothy Stone Chief Financial Officer
Jeff Lemmer Chief Information Officer & Vice President
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