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Ford Motor sold 507,395 light-duty vehicles in the third quarter, a 6.6% decline, edging Hyundai Motor's 506,200 units and defying a Cox Automotive forecast that had predicted Hyundai would take the No. 3 spot.
Cox Automotive forecasts Hyundai will edge past Ford in U.S. quarterly sales for the first time, with the Korean automaker projected at 511,421 units against Ford's 504,172 — a shift analysts link partly to Detroit's thin hybrid lineups.
General Motors sold 670,974 new vehicles in the third quarter, a 5.5% year-over-year decline, as EV sales collapsed across its lineup. Toyota rose 0.6% with electrified models making up more than 57% of its sales, while Honda posted a 9.3% gain.
General Motors says hybrid models will join its US range, though executives declined to give timing as hybrid sales hit a record share of the market.
Cox Automotive has lowered its full-year outlook for the Manheim Used Vehicle Value Index to a 0.2% gain, down from a projected 2% rise, after used prices slipped 1.95% between July and September.
