Ford Posts 24% Rise in Sales
DETROIT (TheStreet) -- Ford (F)said its November sales rose 24%, once again ahead of the estimated industry sales gain.
Edmunds.com has estimated the industry's November sales gain at 17%, while GM (GM) said its sales rose 11.4% for the month. Edmunds expects Toyota (T) to report a 1.8% sales decline.
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Year-to-date, Ford sales are up 21%, double the industry average. "We're pleased to see more signs the economy is growing and the demand for new vehicles is increasing," said Ken Czubay, Ford vice president for marketing and sales, in a prepared statement.
In November, Ford sales totaled 147,338 units. Ford brand sales rose 25% while Ford truck sales rose 34%. Also, Ford's share of the retail small car segment rose 50%, as the retail share of Fiesta and Focus reached almost 10% of the market. Fusion sales rose 28% to 17,647.
Ford said it will build 635,000 vehicles in the first quarter of 2011, up 11% from the same quarter a year earlier. Fourth quarter production remains at 590,000 vehicles. -- Written by Ted Reed in Charlotte, N.C. >To contact the writer of this article, click here: Ted ReedSelect the service that is right for you!
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