Ford Motor Company (F)
March 01, 2012 10:00 am ET
Erich Merkle -
Ken Czubay - Vice President of US Marketing Sales & Service
Jenny Lin -
John Murphy - BofA Merrill Lynch, Research Division
Colin Langan - UBS Investment Bank, Research Division
Patrick Nolan - Deutsche Bank AG, Research Division
Joseph Spak - RBC Capital Markets, LLC, Research Division
Christopher J. Ceraso - Crédit Suisse AG, Research Division
Good day, ladies and gentlemen, and welcome to the Ford Monthly Sales Conference Call. My name is Erica, and I'll be your coordinator for today. [Operator Instructions] I would now like to turn the presentation over to your host for today's call, Mr. Erich Merkle, U.S. sales analyst. Please proceed.
Thank you, Erica. Hello, everyone, and welcome to Ford's February 2012 sales call. We're going to get things started, jump right into it here.
We estimate that total U.S. industry sales including medium and heavy trucks finished the month out at approximately 1,130,000. We could have -- we could have seen a high -- perhaps a trend as high as 1,150,000 vehicles. This would equate to an approximate 10% increase for the industry versus year ago in levels that are going to be in the -- would give us the SAAR in the high 14 million range to perhaps as high as 15 million. Ford sales totaled 179,119 vehicles in February, providing us with a 14% increase versus year-ago levels. Year-to-date, Ford sales are up 11%, with 315,829 vehicles sold.