Ford Becomes the Best-Selling Car Maker in America
Ford Motor Company’s (NYSE:F) October U.S. sales are up 6 percent from last year and year-to-date sales are up 11 percent. Digging deeper, sales gains in utilities were 38 percent and trucks 8 percent. Explorer sales were up 225 percent and F-Series sales topped 50,000 for its second straight month. Fiesta, Focus and Fusion also had higher sales.
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A strong demand for Ford’s (NYSE:F) fuel-efficient utility vehicles and trucks continued increasing total sales for the company. Total sales were 167,803 vehicles coming mostly from Ford brand utilities, up 38 percent, and truck sales, up 8 percent from last year. Ken Czubay, Ford vice president of U.S. Marketing Sales and Service said, “More and more consumers are being attracted to Fords lineup of fuel-efficient vehicles from cars and utility vehicles to our full-size pickups with EcoBoost engines. The Ford brand continues growing its market share, showing we have the vehicles and technologies people truly want and value.”
With sales totaling 1,700,618, Ford is the best-selling brand of vehicles in America and now on track to increase its market share this year by about 1 percentage point — which would be the third year in a row for market share gains.
- Ford Motor Co. (NYSE:F): The shares recently traded at $11.24, down $0.44, or 3.77%. Its market capitalization is $42.71 billion. They have traded in a 52-week range of $9.05 to $18.97. Volume today was 78,954,510 shares versus a 3-month average volume of 75,942,700 shares. The company’s trailing P/E is 6.48, while trailing earnings are $1.74 per share. About the company: Ford Motor Company designs, manufactures, and services cars and trucks. The Company also provides vehicle-related financing, leasing, and insurance through its subsidiary. Get the most recent company news and stock data here >>