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 ...
We went to the re christening of the two Ford steamers when they were purchased by Interlake Steamship in Cleveland. That was quite an affair. Everyone received crystal glassware with the new names (the boats were renamed for the wives of Interlake’s president and chairman.)
DROF pingie! I knew I shoulda bought F when it was $3.00 a share...
F closed at $10.98 today ~;(
It’s a pity Ford doesn’t pay attention to the ‘Ranger’ size pickup market. They haven’t put a nickel into the St. Paul assembly plant and even though the product is a good one, it’s very outdated compared to the Toyota or Nissan.
Husband and I are going to need new (to us) vehicles in the next year or so; Ford it is. :)
Excellent!
My hubby (the great GOP_Harley_Guy) is outside right now plowing our driveway with his FORD tractor.
Lake effect snow here for the last three days 31.1” as of the end of yesterday.
While turning the cable channels this late afternoon, I caught Jim Kramer’s show. You should have heard what he said about Ford. Even played a little patriotic music, IIRC. It was pretty cool. :-)
WOW! I didn’t realize you were getting socked in!
We’re to get 4” or so come Thursday. Sub-zero temps this week, though...but I’m not complaining!
http://radar.weather.gov/Conus/full_loop.php
It’s time to sell if Cramer is pumping it... LOL
Sunday morning, hubby turned on the Weather Channel.
They were broadcasting live from our township.
They do that every year for the first major lake effect snow.
I found the video:
I should have invested the “free’ 7 grand the gubmint was giving away in a new F-150!
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