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Ford sales rise 24% in January

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  • Ford sales rise 24% in January

    Ford's U.S. Sales Rose 24% in January;
    Toyota Stumbles


    By Ken Sweet
    FOXBusiness

    Most of the major auto makers reported strong sales gains in the month of January, led by Ford (F: 11.3399, 0.2199, 1.98%), which claimed market share from its major competitors.

    Toyota (TM: 77.1775, -2.7725, -3.47%), meanwhile, rocked by its ongoing accelerator recall issue, reported an 8% drop in total car sales from a year ago.

    Ford

    Ford said its January auto sales jumped by 25%, helped primarily by the company’s fleet sales, which helped offset weakness in the retail business.

    Worldwide company light-vehicle sales for January were 116,277 compared with 93,041 unit sales in 2009. Ford said its market share stood at 16%, up two percentage points from a year ago, and the 15th time in 16 months that Ford’s market share has expanded.

    There were 24 selling days in January, two less days than last year.

    Across all of the company’s brands -- Ford, Lincoln and Mercury – car sales were up 43%, crossovers rose 20% and sport-utility vehicles rose 8.2%. Truck and van sales jumped 14%.

    GM/Chrysler


    General Motors said sales across of its brands were up 13.6% from a year ago to 146,825 units, compared with 129,227 units in 2009. Chevrolet, GM’s largest division by sales by far, jumped to 105,294 vehicles compared with 77.186 vehicles in 2009.

    Buick posted sales of 10,061, up 44%, and Cadillac was down 0.7% to 8,440 units. GM’s truck division, GMC, had sales of 21,303, up 11.4% from 2009.

    Toyota

    Hurt by the January 26 suspension of sales of some of its biggest-selling models, Toyota said sales fell 8.7% across all of its brands in January.

    The main Toyota brand, which represents the largest proportion of the Japanese automaker’s sales, saw sales fall in January by 12% to 83,279 units. Lexus, the company’s luxury unit, had sales increase 14.2% to 15,517.

    Toyota is in the midst of massive recall that effects multiple models and years of its most popular models. The sales suspension of eight models – which includes cars and trucks - represented 60% of the company’s total inventory and was an enormous hit to sales this month.
    Jim M.
    Thank you, Thank you very much
    SkinnyMan
    Tupelo, MS
    Temporarily in California
    '69 Mach I - 1 owner
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