Ford Sales Rise 13%
DETROIT (TheStreet) -- Ford (F) said January sales rose 13%, paced by strong retail buying.
Like GM (GM) sales, Ford's sales were led by retail rather than fleet buyers, as retail sales rose 27% from the same month a year earlier, led by a 35% increase in retail auto sales.
 |
January sales totaled 127,317, even as sales to rental companies fell 27% and Mercury was discontinued. "We're off to a great start in 2011 with the largest January retail sales increase in more than a decade," said Ken Czubay, vice president of U.S. Marketing, Sales and Service, in a prepared statement.
Combined sales of small cars Focus and Fiesta enabled Ford's small car retail sales to increase by 99%, while Ford achieved its highest retail share in California since 2006. A new Focus will become available in the spring. "Higher gasoline prices are factoring into vehicle purchase decisions," Czubay said.
The mid-sized Fusion set a January sales record of 14,346, up 18%, with retail sales up 39%, while the Ford Escape set a January record with sales of 13,973, up 30%. Meanwhile, Ford F-Series January sales rose 30% to 35,806 units. Ford shares were up 1.13% to $16.13 in early afternoon trading Tuesday. -- 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!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
