Arab Today, arab today ford feeling good about november rise in sales
Last Updated : GMT 21:55:33
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Ford feeling good about November rise in sales

Arab Today, arab today

Arab Today, arab today Ford feeling good about November rise in sales

Detroit - Arabstoday

Ford Motor Co said US auto sales rose in November, led by sales of small sport-utility vehicles. \"There\'s reason to feel good about November,\" Erich Merkle, Ford\'s sales analyst, said at the company\'s Dearborn, Michigan, headquarters. \"We think there\'s probably a level that would put us in the mid-13-million range as an industry.\" Sales of small SUVs, which include Ford\'s Escape, \"reign supreme\", he said. Ford includes medium- and heavy-truck sales in its industry wide annual selling rate, which adds about 200,000 to the total. The November 2010 sales rate was 12.3 million, according to researcher Autodata Corp. General Motors Co also has said it expects an increase this month. Don Johnson, vice-president of US sales, said at an investor conference that the November sales rate may reach 14 million, which also includes medium- and heavy-duty truck deliveries. Article continues below Light-vehicle sales Ford\'s US light-vehicle sales rose 6.2 per cent in October, less than the industry wide gain of 7.5 per cent. Ford\'s US market share rose to 16.8 per cent this year through October, from 16.7 per cent last year, according to Woodcliff, New Jersey-based Autodata. The second-largest US automaker earned $6.6 billion (Dh24.24 billion) in the first nine months of the year, as new models like the Fiesta subcompact and Explorer sport-utility vehicle attracted buyers. Ford has gained consumer consideration because it managed to avoid the bankruptcies that befell its US rivals in 2009. The company borrowed $23.4 billion in late 2006 before credit markets froze, which gave it the cash it needed to weather the recession and invest in new models.  

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