NEW YORK (TheStreet) -- Ford (F) has reported that European sales were up 11.6% in February, moving the car company's European market share up 20 basis points to 7%.
The automaker's VP of Marketing Roelant de Waard released a statement on Friday saying, "Our sales and share performance in February marked another step forward for Ford as we progress in our plan to return to profitability in Europe in 2015."
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Last month's performance outpaced the industry mark of 8% growth during February. The Detroit car company has seen brand recognition in Europe -- the U.K. especially -- grow immensely over the years, led by its mid-sized sedan, the Ford Focus.
The Ford Focus is currently the U.K.'s most common car, accounting for 1.46 million of the 32 million cars in the country. The smaller Ford Fiesta is the second most driven car in the U.K, accounting for with 1.42 million cars on the road. The Ford Mondeo rounds out the top eight with 563,000 vehicles in use across the pond.
TheStreet Ratings team rates FORD MOTOR CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate FORD MOTOR CO (F) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, attractive valuation levels, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."