CMOC Admin

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If you need to hear good news in America, you need only follow Ford. It was only a year ago we were reporting the continued slide of sales in the auto industry. We were looking at stock prices at Ford in terms of $1.50 a share, sales that were down in double digit percentages, and waves of employee buyouts.

In March of 2010 Ford is on a roll again reporting another month of sales increases and expanding market share. Yesterday the company reported an impressive 43% increase in sales for March. The stock price has been hovering between $13-14 pershare in the last month too.

The sales leaders are the Fusion which is up a staggering 79% over March of 2009 with over 22,773 units sold. The all new Ford Taurus is also a major hit without question selling 7001 copies in March, an 86% rise over a year ago. The success continues with full size trucks which finally have taken off again. The F-Series gained 30% in March with 42,514 units sold.

The Mustang has seen a welcome 57% increase in sales. Excitement is high for Mustang right now both due to pre-orders for the new 2011 models that include the more powerful 3.7 liter and 5.0 liter engines. But 2010 Mustangs are moving as well with incentives as high as $3000 to move them out.

Other new models contributing to Ford’s continued turnaround are the Ford Focus, Edge and Escape – all of which posted sales increases in excess of 50%. And amazingly enough, the Ford Explorer though long in its product cycle still saw a 78% increase in sales over March of last year.

While the economy continues to struggle, Ford’s success is a bright spot that gives us an indicator that there still is demand out there for products that people want. With truck sales on the rise, this can also be an indicator that construction and service industries are beginning to invest once again. Ford will also tell you that much of their increase in market share has to do with public sentiment over the fact they avoided bankruptcy and a government bailout.

Much of the credit to Ford’s recovering fortunes can be placed upon CEO Alan Mulally’s leadership which changed the paradigm when came aboard a few years ago. But the many people within Ford who worked harder. plowing through the smoke and brimstone of the difficult times have to be recognized as well. Because if it were not for all the exciting new products the company has gambled their remaining resources on, the story might well be different.

1low03gt

That is some awesome news.It's incredible that a company can push to save,and make it on it's own without the help from the governments money,and com out like they have so far.JOB WELL DONE Ford!

SNAKEBITE

Great to hear. I am seriously considering a new Focus when the new models appear

RJB

My 07 Edge company lease is up in a few weeks and I hope to replace it with another identical 2010 Edge.This thing was rock solid for 75K and I only replaced a light bulb and a battery under warranty in 3 years aside from oil changes and wipers.
A Canadian Made Ford product success story.

SNAKEBITE

Funny as I just looked at a new Edge tonight. I love the look with the big rims.

2v_takeover

The edges are awesome, I love those vehicles. Def nice thing to hear from ford, always good to know that they aren't ready to call it quits on us.

simontgibson

Hi,

New user and would appreciate an answer to this question anyone?

RJB

2011's are not in show rooms yet but you can order them as of now and I hear deliveries will be in late June or July.

VAEM

This is fantastic news. Sceptics said that north american vehicle manufacturing was dead - Ford has clearly proven them wrong.

simontgibson

Hi,

Great to hear you love the Edge. I have just joined the Club, and work at Advantage Ford, just off Macleod Trail. Be glad to help you secure a great deal on a new or used one. Give me a call on (403) 971-0745 or mail me at simontgibson1@gmail.com if your interested. Thanks Simon.