Ford Outsells GM, Increases Numbers 43% from a Year Ago


Detroit Free Press - March 2, 2010

Situation
In February, Ford sold cars and trucks 43% higher than a year ago
Outsold GM for first time in more than a decade
Ford sold 142,285 cars and trucks in February compared to 99,400 last year
GM sold 142,951 cars and trucks in February
Ford said last time this happened was Aug. 1998 when GM workers were on strike
Significant Points
Anticipation of strong sales pushed Ford stock to 5-year high of $12.68 per share in morning trading
Sales to retail customers increased 28% compared with last February, and fleet sales increased 74%
Strength of its new products are resonating with customers, said Ken Czubay, Ford’s VP of sales and marketing
The last time Ford’s stock traded above 12.68 per share was Feb. 24, 2005
A year ago, Ford’s stock was trading at $1.65 per share