Global well-reputed auto-manufacturer, Ford Motor Co. stated to have taken over a battle with General Motors by seeing a hike inits March sales– since year 2001. Estimates have revealed a8% boost in sales; a number of approx. 254,711 sold vehicles. The number edges GM’s 252,128 vehicles – a bullish 6.9 percent for its retail sales. Its 0.9 percent overall sales increase can be attributed to an intentional decline in fleet sales.
In depth, Lincoln sales showed bullish imprints with 11% while Ford F-Series sales climbed to 9% on bullish scale.Ford brand crossovers and sport-utility vehicles showed an increase worth 13%, while Ford brand pickup trucks and vans showed 11.4% hike. Worst for Ford cars as the sales plunged at 1.1% – an industrial shift-over to bigger vehicles in an era when gasoline cost is bearish.
With very first Q sales totaling a number of approx. 188,100 sold vehicle — giving 15% boosting sales in comparison to a year prior — the company’s president of U.S marketing, sales and service, Mark LaNeve, believes Ford bands SUVs to be the best starters in the history of auto-industry.
“Customers continue buying high-end SUVs and trucks, helping the Ford brand increase its average transaction prices by more than $1,600 per vehicle in March – nearly double the industry average,” Mark LaNeve
The company could not take over predictions laid by Kelley Blue Book and Edmunds.com analysts of 9.5% and 9.1%, respectively – inspite of showing its best performance, Ford’s profit margin is believed to have shrunk.
Exclusive reports from Market Watch cite auto-manufacturer’s shares to be falling off with 1.5% during pre-market trade alongside plunging to 4% over an annual scale till today. The S&P 500 is reported to have attained 0.8%.
