Here’s Why Ford Had an Awesome March
Ford (NYSE:F) announced on Tuesday that the Focus was the best-selling vehicle nameplate worldwide in 2012. Sales of the compact came in at 1,020,410, according to Polk data, with U.S. sales up 40 percent for the year.
The news has helped drive the stock up about 0.8 percent on Tuesday, which is an encouraging boost. The stock climbed 2.73 percent on Monday, but has lost more than 1.5 percent over the past month. The stock has cooled off recently even as sales continue to come in strong. Ford had its best March in nearly 6 years with overall sales up 5.7 percent year over year.
Strong sales have helped drive Ford’s current year-to-date market share to 16.2 percent, up from 15.5 percent in 2012. Year to date sales are up 11 percent. Meanwhile, the stock is down about 3.2 percent for the same period.
Ford also announced on Tuesday that March retail sales in China climbed 65 percent to 81,387 units, a new record. More than 25 percent of sales of the Ford Focus were in China, where registrations were up 51 percent in 2012.