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Posted on 01/05/2010 10:07:38 AM PST by GOP_Lady
Ford Motor Co. posted a 33% rise in December U.S. light-vehicle sales, ending a stellar year for the auto maker compared with its rivals. Ford recorded its first full-year market-share gain since 1995.
Meanwhile, Chrysler Group LLC posted a 3.7% decline and said its full-year sales were the worst the auto maker had seen in 47 years.
Shares in Ford were up 7.1% to $11.01 at midday on the New York Stock Exchange, reaching the highest level since August 2005.
Ford put its U.S. market share at about 15% for the year—about one percentage point higher than 2008. December's sales growth marks the fifth time in six months Ford has seen increases. The company's latest results were aided by two extra selling days, making for easier comparisons.
The recent results at Ford have been the strongest of the Detroit auto makers. The company has posted back-to-back quarterly profits and said it would be "solidly profitable" in 2011.
On Tuesday, Ford reported its U.S. companywide light-vehicle sales were 183,701 in December compared with 138,325 a year earlier. There were 28 selling days last month, two more than last year.
Ford, Lincoln and Mercury car sales rose 33% to 179,017. Sales of crossover vehicles rose 51%, while sales of sport-utility vehicles increased 33%. Truck and van sales rose 18%. For the year, Ford's sales fell 15% to 1.62 million.
Chrysler reported sales fell to 86,523 vehicles in December, with a 31% gain in car sales and a 14% decline in truck sales. Still, the company said 11 vehicles experienced year-over-year increases. For all of 2009, Chrysler's sales declined 36% to 931,402 vehicles. Chrysler, which left bankruptcy protection in June under the management control of Fiat SpA, has performed the worst of any of the major auto makers.
(Excerpt) Read more at online.wsj.com ...
Screw the UAW!
Go Ford!
They are single handly rescuing my 401(k)!
Hubby (the great GOP_Harley_Guy) and I did our part a couple of months ago. ;-)
I guess more than just a few were angered by the bailouts.
NO GOVERNMENT MOTORS!!!!!!!!
Yes. A few people at the dealership told me that a good amount of people said that they would not buy Chrysler or GM.
I bought a Mercury sedan back in 2005 and couldn’t be happier! Any time I’ve taken the car in for service, I’m asked by the service manager if I’m interested in trading in the car for a newer model. Apparently 2005-2009 Mercury vehicles are in high demand right now!
Ford makes a consistent product. Every older Ford I’ve owned had cooling system issues and eventual A/C problems, but engines and drive trains required minimal maintenance, even over 100K miles.
Good job FORD. The only US car maker that is truly American.
BTW, I got a chance to check out my cousin’s new Ford Flex the other day. Very cool vehicle.
I believe with Fords you get good quality for your money. I’ve had no major problems with mine. All of mine have given me no problems and a long run for my money.
We’re on our third Exporer. Good solid vehicles every one.
And how about the Ford Explorer? ;-)
It’s doing great in the snow. 31.1 inches of lake effect here and still falling.
And how about the Ford Explorer? ;-)
It’s doing great in the snow. 31.1 inches of lake effect snow here and still falling.
Most of Ford’s “problems” are foreseeable and easily fixed for MUCH less than Japanese or Korean autos. Mine has been a Ford family since the 1940s, and that will continue with my kids!
Great for you and your family.
Ford family here since 1977.
The government backing of GM and Chrysler is the best thing that ever happened to Ford.
I live in the South and my son is involved in the auto industry. I cannot tell you how many people have come to him and told him they would never, on principle, buy a “government motors” car.
It may not be harming their sales in the NE, but here in the South, it is deadly.
Just goes to show you that capitalism is still the best system.
Hubby and I rented an Explorer in Vegas about 3 years and immediately fell in love with it. :-)
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