Maintaining its 2012 record,
Ford Motor Co.
) expects to retain the tag of the best-selling vehicle brand in
U.S. in 2013 as well. The company sold over 2.4 million vehicles
this year, although the sales figures for December are not final
Ford sold 396,041 vehicles more than
Toyota Motor Corp.
) in the first nine months of 2013. The automaker expects its
lead over Toyota to increase significantly after including the
December sales figures. Ford beat Toyota's sales by 329,677
vehicles in 2012.
While Ford brand's retail sales increased 15% year over year
in the first nine months of 2013, its total sales rose 12%.
The Western and Southeastern regions of U.S. contributed most
to Ford's escalated retail sales. While the retail sales in
Western U.S. increased 23% year over year, in the Southeast it
Ford expects retail sales in 2013 to exceed 1.7 million units.
This will be the highest in the last six years. Meanwhile, retail
sales of passenger cars are likely to cross 0.6 million units,
the highest since 2000.
Ford Fiesta and Fusion are estimated to set sales records in
2013 with sales figures going over 70,000 and 290,000 units,
The sales of utility vehicles of Ford are projected at 621,652
units, up 10.3% year over year, and the highest since 2004. These
figures will make Ford the best-selling utility brand for the
third consecutive year.
Meanwhile, the sales of Ford's hybrid vehicles are expected to
triple over the 2012 figures and exceed 80,000 units due to the
Ford C-MAX hybrid lineup. This is the highest annual hybrid sales
for the company.
Additionally, the Ford F-Series pickup truck line, which had
sales of 688,810 units in the first nine months of 2013, is
projected to be the best-selling truck in the U.S. for the 37th
consecutive year. It also is also poised to be the best-selling
vehicle in the nation for the 32nd year, driven by recovery in
the U.S. economy and improved housing construction.
The strong sales of Ford are expected to continue in 2014 with
almost 16 launches planned. The automaker currently carries a
Zacks Rank #3 (Hold). Better-ranked automobile stocks include
Honda Motor Co., Ltd.
Tata Motors Ltd
). Both these stocks carry a Zacks Rank #2 (Buy).
FORD MOTOR CO (F): Free Stock Analysis Report
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TATA MOTORS-ADR (TTM): Free Stock Analysis
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