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Ford Nov Sales Dn 9.6%, Behind ToyotaFord Motor Co. (F) said its sales of cars and light trucks in the U.S. dropped 9.6% in November, hurt by a sharp decline in truck sales and lower fleet sales as the auto maker was surpassed by Toyota Motor Co. (TM) in monthly sales for the second time this year.The No. 2 U.S. auto maker also cut its fourth-quarter North American production forecast by an additional 15,000 vehicles to 620,000. That's on top of the 20% cut it already announced and reflects the temporary suspension of Freestar production at the Oakville plant in Ontario, Canada, Ford said in a release. Ford also said it will cut first-quarter 2007 production by 14.4% to 750,000 vehicles, which is the high end of its prior estimate of a first half production cut of 8%-12%. The monthly decline included Ford's flagship F-Series pickup trucks, which slipped 16% in November. Explorer SUV sales were down 10%. But sales of Ford's redesigned full-size SUVs, the Ford Expedition and Lincoln Navigator were up 14% and 65%, respectively.In a press release, Ford said its inventory level sat at 631,000 vehicles at the end of November, 122,000 lower than a year ago. The company estimates 85% of the inventory is new 2007 models.......http://www.siliconinvestor.com/readmsg.aspx?msgid=23061417Jedi - any comments on those inventory numbers (is 15% left for 2006 good or bad)? Comments on anything else?Mish
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