Ford’s Sales Reach Four-Year High

From the AP:

Ford Motor Co. said Friday that its U.S. sales this year have passed the two million mark. It’s the first time that’s happened since 2007.

Sales through November were up 18 percent from the first 11 months of 2010. Ford said sales of small cars this year are on pace to rise more than 20 percent, while utility vehicles are tracking up more than 30 percent.

On Dec. 1 the company said it had sold nearly 1.94 million vehicles in 2011. In December of last year, it sold 190,976 vehicles. Sales totaled 166,865 vehicles in November.

Ford sales have been improving this year as people replace the cars and trucks they held onto during the economic slump. In November buyers were lured by deals, improving confidence in the economy and the need to trade in older cars. An early blitz of holiday advertising also helped convince some people that it was a good time to buy.

Ford ($F) had a rough 2011 but the stock closed yesterday at $10.68 which is 6.7 times the earnings estimate for 2012.

Posted by on December 30th, 2011 at 10:01 am

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