2 Trends to Watch Following Ford & Honda's September Sales
Major automakers Ford (NYSE: F) and Honda (NYSE: HMC) both reported their September sales data on the same day, Monday, Oct. 4, and both showed startlingly similar trends. Both naturally showed a big negative effect from the ongoing chip shortage on sales. With manufacturing slowed to a crawl by chip shortages and inventories hollowed out by high demand, Ford's total sales dropped 17.7% year over year for September.