Ford U.S. Sales Rose 13%

Good news for Ford Motor ($F):

Ford said it sold 197,249 vehicles in August in the U.S., a 13% improvement from both last year’s 175,220 and July’s total of 173,966.

The Ford brand, the company’s largest, saw a 13% sales improvement, while Lincoln brand sales grew 1.7%.

Company-wide, August car sales rose 7.1% as truck sales improved 6.1%. Utility-vehicle sales jumped 28%.

Ford Fusion sales grew 21% last month, while sales of its best-selling vehicle, the Ford F-Series, were up 19%. Fiesta sales dropped 28%.

August had 27 sales days, while the year-ago month had 26 sales days.

Strong sales of the Ford brand have helped the auto maker’s results in recent months. But Ford reported in July its second-quarter earnings fell 57% as its overseas operations and a higher tax rate held back strong results from North America. The auto maker also lowered its full-year profit forecast as well as its budget for capital spending.

Posted by on September 4th, 2012 at 11:58 am


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