rperez817 Posted October 19, 2016 Share Posted October 19, 2016 (edited) Q1 result. Now, n the midst of the most heavily fleet laden quarter, Ford pulls profit and margins like that, it's simply not possible for Fleet sales to be anything other than profitable, there's nowhere to hide... What happened in Q2 2016, when operating margins decreased in North America despite "strong fleet sales and F-Series retail performance" and "average U.S. retail transaction prices increased $1,300 per vehicle, compared to year ago, driven by strong mix"? Ford Europe improved a lot in Q2 though. https://corporate.ford.com/content/dam/corporate/en/investors/investor-events/Quarterly%20Earnings/2016/2Q2016-Ford-Earnings-News-Release.pdf Edited October 19, 2016 by rperez817 Quote Link to comment Share on other sites More sharing options...
akirby Posted October 19, 2016 Share Posted October 19, 2016 What happened in Q2 2016, when operating margins decreased in North America despite "strong fleet sales and F-Series retail performance" and "average U.S. retail transaction prices increased $1,300 per vehicle, compared to year ago, driven by strong mix"? Ford Europe improved a lot in Q2 though. https://corporate.ford.com/content/dam/corporate/en/investors/investor-events/Quarterly%20Earnings/2016/2Q2016-Ford-Earnings-News-Release.pdf Simple - costs and expenses went up, which you obviously already knew. There is nothing in that report that suggest fleet sales are bad. There are plenty of things for which Ford deserves to be criticized. This is not one of them. Quote Link to comment Share on other sites More sharing options...
Biker16 Posted October 19, 2016 Share Posted October 19, 2016 It's common knowledge. I'm not going to go hunt down press releases. who writes a press release about not Fleet dumping? does a PR equal Fact? Does a PR mean never? Quote Link to comment Share on other sites More sharing options...
akirby Posted October 19, 2016 Share Posted October 19, 2016 who writes a press release about not Fleet dumping? does a PR equal Fact? Does a PR mean never? Ford is not fleet dumping. Period. End of story. Quote Link to comment Share on other sites More sharing options...
RaZor Posted October 19, 2016 Share Posted October 19, 2016 http://www.fool.com/investing/general/2016/04/30/dear-ford-motor-company-i-was-wrong.aspx Quote Link to comment Share on other sites More sharing options...
jpd80 Posted October 19, 2016 Share Posted October 19, 2016 Let's understand something about fleet dumping, that strategy was a result of managers keeping factory order books full so that they could achieve maximum bonuses. The other side of that was badly bloated inventory that could only be sold either by heavy retail incentives of selling to fleets at or below cost...... you see none of that today and the sheer fact that Ford is pulling production at the moment shows that it is managing inventory ahead of time. A better model for fleet sales is being exhibited by Ford, fewer plants run harder on three shifts continue building into the winter to cover the rise in fleet sales (commercial and daily rental) avoiding the need for weeks and weeks of idling over the winter. It's a levelling out of production that's driven by leaner levels of production, so the inventory never really builds to the point where it truly unmanageable. Quote Link to comment Share on other sites More sharing options...
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