Thursday, December 3, 2015

Fords Stock Value Rises


The auto making giant has a memorable month of November, with sales increasing by 5%
Fords Motors seems to be climbing out of the dark hole it previously found itself in in the mid of the current year of 2015, as it has been reporting good sales since the start of November. Analysts believe that the once ignored auto company is now proving its worth by not only performing in a positive manner in the sales department, but it is also improving its trading activities on the stock market. In the latest stock activity that took place on the index, the hybrid car maker's shares rallied by a difference that caught the analysts' attention. Other companies in the auto industry like Fiat Chryslers Automobile has also reported some strong sales in the year so far, and has informed the market of its 68th consecutive month in which growth in the revenue generation was made evident.
The auto sales made in the United States seemed to be much more in totality as compared to the sales made in the previous months. Around 187,794 cars are on the sales records that have been sold in a single month of November only in the US. These sales have reportedly increased by 0.4% while Fords experienced an increase of 5% for sales on a year over year basis.
The main reason for an increase in sales being enjoyed by Fords is that it has carried out its idea of offering an interesting model series mix in its smart vehicles which has been appreciated by a large number of its fans. Along with that, the auto maker has also offered a lower than other incentive spending to the customers, which has attracted a huge crowd to the company's smart cars, all in the right ways. The percentage growth in the sales mainly showed the excessive sales of trucks and sports utility vehicles which were bought in a great number by customers in the month of November.
In a press release in which the Vice President of the company spoke to the market about the success sales that the giant has been experiencing in a month only. The VP of the auto giant especially focused on the high sales of Fords Trucks in the time period, and stated that November sales indeed put up a great show, something that the company was facing for the first time in eight years.
The F-Series trucks that were sold with an increase showed sales rocketing by 10% while the sales for company's commercial van went up by 59% in the same month.

No comments:

Post a Comment