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Posts Tagged ‘Ford Sales’

Despite Solid July Sales, Ford CFO Sees US Auto Recovery at an End

Sedan, coupes already signal a slowdown, but trucks holding momentum.

by on Jul.29, 2016

Ford may see a weakening of the U.S. market but its F-Series is still delivering solid numbers.

U.S. auto sales have been taking some uncertain detours in recent months, May numbers tumbling before the industry showed signs of rebounding in June. Preliminary estimates, meanwhile, suggest the market will look good for July, the industry back on track for another record year.

But senior Ford officials say that we may be at the end of the line for the current recovery, with sales likely to begin another cyclical slide in the near-term.

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“The growth is over,” Ford Chief Financial Officer Robert Shanks told the Reuters news service. The executive separately told analysts and reporters that, “We see the second half being softer than the first half. Looking into 2017, we think we will see further softness.”


Ford Posts Profit, Operating Margin Records

“Essentially everything has improved,” says CFO Shanks.

by on Apr.28, 2016

Ford CEO Mark Fields has been trying to shift Ford to focus on broader "mobility" opportunities.

Ford handily outperformed expectations as it delivered record net profits and operating income for the first quarter of the year on Thursday.

Net income jumped 113% to $2.45 billion for the January-to-March quarter, or 61 cents a diluted share. A year ago, Ford’s net totaled $1.3 billion, or 29 cents a share. Excluding one-time items, Ford earned 68 cents a share compared to a Wall Street forecast averaging 48 cents.

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“Essentially everything has improved,” said Ford Chief Financial Officer Bob Shanks, who also said Ford expects 2016 overall to meet or exceed the company’s strong performance last year.


GM, Ford Insist They Will Remain Profitable in Deep Recession

Taking a “forward lean” into a “downside scenario.”

by on Mar.28, 2016

GM's Alan Batey introducing the 2017 Chevy Bolt.

Seven years after Detroit’s auto industry nearly collapsed, officials at the two largest domestic makers are taking pains to assure investors they will not only survive but thrive during the next big economic downturn.

Fears that the U.S. car market has peaked after hitting record sales of 17.5 million vehicles last year has made Wall Street increasingly wary, driving down the share prices for all the domestic makers, even as they report strong profits. But two top General Motors and Ford executives painted very different pictures for investors as the New York Auto Show opened to strong public attendance.

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“We believe the market is eventually going to plateau, but not in the immediate future,” declared Alan Batey, president of GM North America, during the annual Automotive Summit sponsored by Bank of America Merrill Lynch. And even if sales do take a tumble, he stressed, “We have reduced our break-even point to between 10 million and 11 million annual sales for the industry.”


Luxury Utilities, Crossovers Push July Auto Sales to New Heights

Month finishes near 18-million-unit sales pace.

by on Aug.03, 2015

Small crossovers did well in July and so did Buick, which posted an 18% sales increase led by the Encore.

New vehicle sales remained robust as carmakers continued to post year-over-year gains in a market where the seasonally adjusted annual rate of sales, or SAAR, inched towards 18 million units.

General Motors, Chrysler, Ford, Nissan, Lexus, Audi, Subaru and Volkswagen all posted sales increases for July as the industry sales continued at their best tempo in more than a decade.

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GM posted a 6% increase, which included the best July results for the maker’s four brands combined since 2007. The month was paced by an 18% increase in Buick sales and an 8% increase in Chevrolet sales. Chevrolet’s results included a 24% increase in pickup, van and SUV sales, and the brand’s best July crossover sales ever.  (more…)

June Auto Sales Hit Record Levels

Crossovers, trucks, sport-utes continue leading charge.

by on Jul.01, 2015

The 2015 Lincoln Navigator sales boomed in June, rising 39% and helping Ford to an overall sales increase of 2% last month.

New vehicle sales continued their torrid pace for in the U.S. in June, helping the auto industry finished up the best six months in a decade with a slew of automakers posting sales increases or logging manufacturers sales records.

General Motors, FCA US, Ford, Nissan, Toyota, Audi, Volkswagen and Mazda all reported sales increases in the buoyant market lifted by strong demand for trucks and utility vehicles.

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FCA US LLC posted an 8% increase compared with sales in June 2014 and the group’s best June sales since 2006 and recorded its 63rd-monthly sales increase in a row. (more…)

April Showers Automakers with Demand for Trucks, Crossovers

Many makers setting new records during the month.

by on May.01, 2015

Ford President Joe Hinrichs is thumbs up with good reason: F-150 sales were up 8% in April, helping Ford to a 5% jump for the month.

April showers resulted in a surge of buyers looking for new trucks and crossovers, which benefitted the bottom lines of nearly every automaker.

Ford finally broke out of something of a sales slump in April as it posted a 5% sales increase and General Motors, Fiat Chrysler, Nissan, Toyota and Audi all reported gains as sales of new vehicles boomed with the beginning of spring.

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The Dearborn, Michigan-based company said retail sales in April were the best in nine years. (more…)

Ford Readies for Drop in New Car Sales

Maker expects trucks, utility sales to rise for next five years.

by on Mar.13, 2015

The 2015 Ford Edge is enjoying a sales boost as part of the low gas prices, but Ford expects the trend to continue for some time.

While trucks and utility vehicles are thriving in this era of low gas prices, Ford Motor Co. expects passenger cars to account for a smaller share of global sales over the next five years.

By 2020, passenger cars will account for 43% of Ford’s global sales, compared to 49% in 2014. Utility vehicles will grow from 24% of the company’s total sales to 29%, while trucks grow from by one percentage point and account for 28% of Ford’s total sales.

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Michele Bartlett, a Ford marketing expert with experience selling both utility vehicles and passenger cars, said customers not only the United States, but also in Europe and other parts of the world have come to appreciate the packaging and versatility found in the utility vehicles of all sizes. (more…)

January Car Sales Jump Despite Winter Storms

Makers seeing double-digit increases last month.

by on Feb.03, 2015

GM posted a double-digit sales increase for January as its midsize pickups continue to be hot sellers.

Despite some harsh the harsh winter weather across a substantial portions of the U.S., new vehicle sales got off to a fast start in 2015 with Chrysler, Ford, General Motors and Nissan all reported double-digit sales increase sales during January as sales of trucks and utility vehicles continued to gain momentum.

GM reported its best January sales in seven years. Total sales were up 18% compared to a year ago. Retail sales were up 14% and fleet deliveries were up 32%.

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“Consumers feel very good because more people are working, the U.S. economy is expanding and fuel prices are low,” said Kurt McNeil, U.S. vice president of Sales Operations. (more…)

November Auto Sales Hit Highest Mark in 10 Years

Black Friday, low gas prices work in concert to drive buyers.

by on Dec.02, 2014

GM sales were up 6% in November, including Cadillac's Escalade, which saw sales jump 75% on a year-over-year basis.

The combination of lower gasoline prices rising, rising consumer confidence and a strong end-of-the-month push from Black Friday helped raise November new vehicle sales to their highest level in more than a decade.

Chrysler, General Motors, Volkswagen, Toyota and Audi all posted sales gains while Nissan and Ford reported a small declines.

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Chrysler Group LLC, paced by Jeep and Ram truck, reported a 20% increase compared with sales in November 2013 for the group’s best November sales since 2001. (more…)

Trucks, Crossovers, Luxury Cars Lead Strong Sales

Ford sees sales drop due to decision to cut fleet sales.

by on Oct.01, 2014

Honda's CR-V helped the Japanese maker to a double-digit sales jump in September.

Strong sales of luxury vehicles, trucks and crossovers continued to pace the auto industry’s performance during September with several carmakers, including Acura, Audi, Chrysler, General Motors, Honda, Nissan, Mercedes-Benz and Subaru all reporting double-digit increases as the seasonally adjusted annual rate of sales exceeded 16.4 million units.

Larry Dominque, True Car executive vice president, said what was particularly impressive was that the industry managed to continued to grow in September without increasing incentives.

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“The daily sales rate is up about 5%,” Dominque noted, “while the ratio of incentives to transaction prices has remained very stable indicating the market is basically healthy.” (more…)