On May 2, it was announced that Ford would be adding a third shift to one of its assembly lines for the F-Series truck. This is great news for Ford, because the F-Series has been the top-selling vehicle in the country for 31 consecutive years. The auto giant didn't disappoint investors when it was announced that it sold more than 71,000 of the trucks for the month of May. This represents a 30% jump in year-over-year sales and brings the year-to-date total to nearly 300,000 units, which by itself represents a 22% jump compared to last year's YTD sales figures.
In 2012, many thought that auto sales were surprisingly strong. So with strong sales last year and even stronger sales this year, why aren't shares of Ford and other automakers trading much higher?