autoevolution
 

Ford to Post First Monthly Rise in Two Years

American manufacturer Ford is reportedly going to post its US sales for July and it is said to register the first rise in vehicles sold in almost two years and the first increase for any of the largest US automakers since the start of the financial crisis, Autonews reported.

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.
If you liked the article, please follow us:  Google News icon Google News Youtube Instagram X (Twitter)
About the author: Daniel Patrascu
Daniel Patrascu profile photo

Daniel loves writing (or so he claims), and he uses this skill to offer readers a "behind the scenes" look at the automotive industry. He also enjoys talking about space exploration and robots, because in his view the only way forward for humanity is away from this planet, in metal bodies.
Full profile

 

Would you like AUTOEVOLUTION to send you notifications?

You will only receive our top stories