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NEW YORK ( TheStreet) -- Ford has reported a 25% increase in April sales, the fifth straight month Ford sales have increased more than 20%.
The company said that Ford, Lincoln and Mercury April sales rose 25% to 162,996 compared to the year before. The automaker added that Ford gained retail market share for the 18th time in the last 19 months.
"Customers are benefiting from our strong new product lineup," Ford vice president, U.S. marketing sales and service Ken Czubay said in a written statement. "Our laser focus on quality and dependability is increasing Ford resale values at a higher rate than the overall industry."
Meanwhile, GM on said Monday that
its April vehicle sales were up 6.4% year-over-year, with an increase in combined sales for its four brands in the U.S., following GM Chairman and CEO Ed Whitacre's announcement on April 21 that the company is
years ahead of schedule repaying bailout loans received under the Troubled Asset Relief Program.
-- Reported by Andrea Tse in New York