Ford, Chrysler post impressive sales figures in June
Tuesday, July 03, 2012
Two major U.S. automakers have posted impressive sales gains in June, helping drive the nation's auto industry and economy as a whole.
Ford Motor Company announced its U.S. sales on a yearly basis ending in June climbed 7 percent to reach 1.14 million vehicles, with the Escape model posting its most impressive sales to date over that time and the Fusion model posting a sales record for June.
Escape sales increased 28 percent, its best month ever, and the Fusion sales climbed 17 percent for the month, the best June sales performance in the company's history. In addition, the Explorer model posted sales up 35 percent for the month and 15 percent on a year-over-year basis while the F-Series' sales reached 50,000, its best performance in five years.
"June was a good month for Ford and a particularly strong month for vehicles like Escape, Fusion, Explorer and F-Series," said Ken Czubay, Ford vice president of U.S. marketing, sales and service. "The new 2013 Escape also is off to a very strong start, with vehicles selling on dealer lots in less than five days - even topping the strong start of the new Explorer in 2010."
Meanwhile, Chrysler Group posted data analysis that finds its U.S. sales for June this year increased 20 percent year-to-date, marking the best June sales numbers in five years and the 27th straight month of year-over-year gains in terms of sales.
On a quarterly basis, Chrysler's second quarter sales were up 24 percent compared to the same time the previous year and FIAT brand set a sales record for the fifth straight month in terms of units sold.
"June was another solid month for the Chrysler Group with U.S. sales up 20 percent and second-quarter sales increasing 24 percent compared with the same period in 2011," said Reid Bigland, president and CEO of brand and head of U.S. sales. "June also marked our 27th consecutive month of year-over-year sales growth. Continuous improvement remains a key focus at Chrysler as we have steadily increased sales, improved quality, added production and created jobs."
In addition, the Dodge brand segment of Chrysler posted a 2 percent increase in sales since June 2007.
Investors should stay knowledgeable of the auto industry and sales figures as they have an impact on stocks and the overall economy. Discount brokers can be a useful asset when investing.
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