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NEW YORK (TheStreet) -- Ford Motor Co. (F) - Get Ford Motor Company Report stock is gaining 3.16% to $12.90 in mid-morning trading on Tuesday after the automaker reported a 20.4% year-over-year increase in February sales, beating estimates of a 17.1% rise, according to CNBC.

"This could be the end of the peak auto," TheStreet's Jim Cramer said on CNBC's Squawk on the Street this morning, referring to the thesis that suggests U.S. auto sales growth will remain flat in the near term.

Cramer noted that big margin vehicles, such as Ford's F-150, are making a comeback. F-Series sales were up 10% last month, making it the best February for the brand since 2006.

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"People are spending on autos and their homes," Cramer observed, mentioning last week's strong fiscal 2015 fourth quarter financial results from Home Depot (HD)

Ford competitor General Motors Co. (GM), however, reported a 1.5% decline in February sales, missing estimates of a 4.1% increase, CNBC reports.

Cramer called these figures "disappointing," but he has "to let the facts get in the way" of his theory that the peak auto thesis could be wrong.

GM attributed the drop to weak daily rental fleet sales and noted that retail sales, or sales through car dealerships, were up 7% last month, CNBC added.

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Shares of GM are down 1.02% to $29.14 this morning.

Separately, Ford has a "hold" rating and a letter grade of C+ at TheStreet Ratings because of the company's strengths, such as earnings per share, net income and revenue growth, and its weaknesses, including disappointing stock performance.

You can view the full analysis from the report here: F

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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