Ford to Post First Monthly Rise in Two Years
The good numbers are, according to Ford U.S. sales chief Ken Czubay, "important to Ford, but it is also a very good indication for the economy."
"It was a deep hole that the entire economy was in," Czubay added. "We may not be out of the hole, but we are seeing very encouraging signs in July."
"The beginning of July was firming up for us and then a week ago last Friday the government's cash for clunkers program kicked in and there was a substantial increase in business and that kicked us over the top," Czubay said. "We don't know about the others, but we do know that we are going to have an increase year over year."
As was to be expected, the positive result is largely due to the recently introduced Car Allowance Rebate System, who leads the way for the only American manufacturer to have survived without government help this year.
"You are going to see large gains in almost every Ford product that is powered by a four-cylinder engine -- the Focus, the Fusion, Fusion Hybrid, the Escape small utility and its hybrid version, the companion Mercury products -- that is where the demand was, particularly this past week," chief sales analyst George Pipas was quoted as saying by the source.