Ford’s Sales Grow In US

Ford announced details this week that they have been seeing an increase in their market share in the US. The US manufacturer is the only major manufacturer who has not filed for bankruptcy in the US, they announced that they have sold 155,954 vehicles in the last month. Even though their figure is a 24% decrease on May 2008 figures, it’s a 20% rise on last months sales.

This rise in sales could be down to the decrease in sales from other car manufacturers like General Motors and Chrysler who have both filed for bankruptcy.

Just a day after they filed for bankruptcy, General Motors announced their May sales figures. They announced that they saw 191,875 sales in May which is an 11% rise on last months sales, however, it’s a 30% decrease from the same month last year.

The worst performance in sales come from Hummer, Saab, Saturn and Pontiac, all of which GM are planning on selling on.
Chrysler filed for bankruptcy on April 30th after announcing they saw 79,010 sales during May which is a 47% drop insales from the same month last year. They said that the majority of their sales have been down to a price cut from a huge number of dealers, this is because 789 dealers are planning to stop selling Chrysler cars next week.

Ford has already changed their production strategy to try and take advantage of the current situation. They plan on increasing their production over the next two quarters by 52,000 vehicles.

The majority of car manufacturers are not just being affected by a decrease in sales from the public. Corporate sales have also been on the decrease, companies that offer Ford leasing aswell as a number of other makes such as Peugeot leasing are buying less cars because they are being hit by the credit crunch. The big problem is that when a customer wants to buy a car, they rarely think about leasing a car, which is normally the cheaper option.

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