In the U.S., Ford Motor Company’s sales fell 9% in September. This was lower than the declines by General Motors and Chrysler Corporation. However, the company’s quarterly sales rose 16% from a year ago. The company’s sales are still higher than those of General Motors and Toyota.

Ford’s quarterly sales rose 16% from a year earlier

In September, Ford Motor Co. reported that its U.S. sales fell 9%, but it is still up 13% year-over-year, with pickup truck sales up 3.5% and F-Series sales up 8.2%. However, despite the fall in sales, Ford still has a healthy market share, at 12.4%. Although the overall sales were down, four models saw gains: the Bronco Sport rose 25% and the Edge rose 19 percent. The Mustang Mach-E and Ford GT sports cars also posted gains, while the Ford Maverick had sales of more than 19,000 units. However, Ford’s volume-selling F-Series fell 31%.

The decline in sales was caused by a range of factors, including fuel economy, tight credit, and high gas prices. The results were disappointing, and the company’s sales outlook is bleak for October. Other major automakers are set to release their September results later today. Analysts had predicted that most automakers would report a drop of 20 percent or more. However, the financial market volatility caused consumers to lose confidence in the auto industry, and this is having a negative impact on Ford’s sales.

Toyota’s sales rose 3.7%

Toyota’s U.S. sales rose 3.7% in September, while Lexus’ sales fell 4.1%. Toyota sold 157,332 vehicles during September, a rise of 18.2% on a volume basis, DSR basis, and a decline of 5.4 percent on a dollar basis. Its Lexus division posted sales of 18,860 vehicles, down 2.6% on a volume basis. The automaker is working to transition more dealers to its new SmartPath platform in the fourth quarter.

Sales of the Toyota Corolla sedan increased by 5.7%, while sales of its hybrid car rose by 44.2%. Toyota also increased its sales of Lexus luxury SUVs, with sales of these models up by 9.2%. However, the sales of Toyota’s other models in the U.S. remained weak, despite the company’s plans to add more production.

Toyota Motor’s shares rose 3.7% on Monday, recovering from a 23-month low. Meanwhile, Ford Motor’s stock rose 2.4% on Monday, but remains below its 50-day and 200-day moving averages. In contrast, Stellantis sales dropped 6% in Q3 and 12% on a year-over-year basis. Nevertheless, Toyota Motor’s stock remains under pressure, as it missed its same-month sales goals by almost three percentage points.

General Motors’ sales rose 7.1%

The U.S. automaker posted a strong performance last month. Sales in September were 7.1% higher than a year ago. However, the company is struggling to maintain its global position. The company’s biggest markets are China and the U.S. While China is a major growth market, it is also a major drag on the company’s global sales.

Ford and GM were not the only carmakers reporting solid numbers. Ford and Toyota both saw sales increase, too, despite the effects of Hurricane Harvey. The latter’s results are particularly noteworthy, given how flooded Texas is after hurricanes Harvey and Irma.

Sales at GM dealers surpassed expectations. GM sold 555,580 vehicles in September, an increase of 24 percent over a year ago. Despite higher interest rates and inventory levels, demand remained strong. In September, GM sold a record number of vehicles. Its three largest brands, Chevrolet, GMC, Cadillac, and Buick, all had higher sales than a year ago.