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TheStreet Open House

Ford Motor Co. - Sales/ Trading Statement Call

Ford Motor Company (F)

March 01, 2012 10:00 am ET

Executives

Erich Merkle -

Ken Czubay - Vice President of US Marketing Sales & Service

Jenny Lin -

Analysts

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

Presentation

Operator

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.

Erich Merkle

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.

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