NEW YORK (TheStreet) -- Shares of Ford Motor (F) are higher by 0.47% to $15.88 in mid-morning trading on Friday, after the automotive maker said its sales for April 2015 grew by 5% when compared to the same month in 2014. Ford said this was its best April sales performance since 2006.
The company said strong consumer demand for its new products drove the April sales increase, with 222,498 vehicles sold.
"Customer demand for our new vehicles continues to be strong, with the F-Series, Mustang, Transit van lineup and Edge driving retail gains in April. Our SUVs are in particularly high demand, and the new F-150 is off to an outstanding start," Mark LaNeve, Ford VP of U.S. Marketing, Sales and Service, said in a statement announcing the sales results.
Separately, 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 a number of 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. Among the primary strengths of the company is its generally strong cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
Highlights from the analysis by TheStreet Ratings Team goes as follows: