Join        Login             Stock Quote

Ford Motor (F) Dec Sales Rise 1.9 Pct On Higher Vehicle Fleet

 January 03, 2013 10:25 AM

(By Balaseshan) Automaker Ford Motor Co. (NYSE: F) reported a 1.9% increase in December U.S. sales due to higher demand for fuel-efficient vehicles as well as strong demand for vehicles like Focus, Fiesta, Taurus, Mustang, Explorer, and Heavy Trucks.

Total vehicles for the month of December increased to 214,222 units from 210,140 units. Sales from Ford brand grew 2.5% to 206,838 vehicles, while Lincoln sales fell 12.1% to 7,384 vehicles.

Type-wise, Ford cars sales jumped 22.8% to 67,828 units, with Focus and Fiesta showing huge growth in sales despite a 31.1% drop in Crown Victoria sales and a 10.8% fall in Fusion sales.

[Related -United States Steel Corporation (X): Small Insider Buy, Big Rewards?]

Ford utilities sales declined 3.4% to 56,042 units for the month of December with Escape, Flex and Expedition showing decrease in sales, despite a 20.4% growth in Explorer sales and a 3% rise in Edge sales.

Trucks sales decreased 7.2% to 86,000 units for December with Ranger, E-Series and Transit Connect showing huge drop in sales, despite a 90.5% jump in Heavy Trucks sales and a 0.7% rise in F-Series sales.

Ford Motor's U.S. sales grew across the board in 2012, with cars up 5%, utilities up 7%, and trucks up 2% for the year. Overall, the Ford brand ended 2012 with 2.168 million vehicles sold – the only brand to top 2 million U.S. sales.

Ford said it delivered U.S. retail sales gains across its lineup in 2012 as more customers returned to dealer showrooms.

[Related -Tesla Motors Inc (TSLA): How Tesla Fares Against Upcoming Electric Cars]

"Ford's fuel-efficient cars and hybrid vehicles showed the most dramatic growth for the year, and we achieved our best year for commercial vehicle sales since 2008," said Ken Czubay, Ford vice president, U.S. Marketing, Sales and Service.

Meanwhile, General Motors Co. (NYSE: GMposted a 5% increase in U.S. sales for the month of December. The Detroit, Michigan-based auto giant reported sales of 245,733 vehicles in the United States last month. Chevrolet sales were up 3.7% and GMC sales rose 3.7%, while sales of Buick and Cadillac increased 10% and 12.2%, respectively.

F is trading up 2.27% at $13.50 on Thursday. The stock has been trading between $8.82 and $13.32 for the past 52 weeks.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imagePersonal Consumption Spending Expected To Be Flat In January

Economists are projecting no change to a slight decline for tomorrow’s January update on personal read on...

article imageChina's Rate Cut Insufficient - Investors Expect More

China's central bank followed up with a second rate cut this year. While many believe this is a step in the read on...

article imageAvoid Amazon Before It Disappoints Again

Heading into the 2013 holiday season, the Amazon.com, Inc. (Nasdaq: AMZN) juggernaut could not be read on...

article image4 Most Hated Dividend Stocks You Should Know Before You Invest

Shorting stocks is always risky for investors. But it can be a sure way to avoid burning cash when a read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.