Ford Sales Rise 13%

While the market is melting down today, Ford ($F) continues to turn out impressive results.

Ford Motor Co. says its U.S. sales rose 13 percent in May on strong demand for its F-Series pickups and SUVs.

F-Series sales rose 29 percent over last May. Ford says demand for trucks has followed an increase in new home construction since the start of this year.

Sales of the Transit Connect commercial van were also up 53 percent over last year. Sales of the Edge crossover rose 24 percent.

Car sales saw smaller gains. Sales of the Focus small car were up 11 percent.

One bright spot in Ford’s car lineup was the Mustang, which saw a 58-percent increase as the summer driving season begins.

Ford is currently under $10.20. Wall Street expects them to earn $1.49 this year and $1.73 next year.

Posted by on June 1st, 2012 at 1:43 pm


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