This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ford Market Share Climbs to 17%

DETROIT ( TheStreet) -- Surging Ford (F - Get Report) said February sales rose 43%, enabling a 3% boost in market share to 17%.

Ford's February retail sales were up 28%, compared with a 7% increase for the four retained General Motors brands, while fleet sales were up 74%.

Although down before the sales announcement, Ford stock was rising afterwards. Shortly after midday, shares were up 9 cents to $12.50.

Sales were higher throughout Ford's lineup. Year-to-date auto sales were up 54% over the same month a year earlier, utilities were up 39% and trucks were up 36%. Among brands, Ford sales were up 46%, Lincoln sales were up 19% and Mercury sales were up 24%. Ford brand cars were up 63%.

The automaker also said its sales rose 22% from January to February, and year-to-date sales were up 34%. Additionally, "the good news is we have even more new products and fuel-efficient powertrains coming this year, and we expect our progress to continue," said Ken Czubay, vice president for marketing, sales and service, in a prepared statement.

During the second quarter, Ford plans to produce 595,000 vehicles, up 144,000 vehicles or 32% from the same period a year earlier. First-quarter production is expected to total 570,000 vehicles.

-- Written by Ted Reed in Charlotte, N.C.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
F $15.91 0.00%
AAPL $127.60 0.00%
FB $83.09 0.00%
GOOG $535.38 0.00%
TSLA $205.27 0.00%


DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs