Ford, one of the largest U.S. and world carmakers reported that its sales for December 2009 have jumped up 33 percent. The news quickly spread over the auto industry stock lifting Ford Stock (Symbol F) 8 percent by mid afternoon trading.
The carmaker's sales have soared 33% in December last year, when demand for vehicles was frozen in full recession. However, for the entire year, the sales were still down by 15 percent.
Several auto industry analysts had said that the U.S. car market is full of too many old vehicles and that the market is ripe for new cars. Other similar thoughts have given more impetus to the idea that the 2010 will see more solid auto industry recovery.
The last month of 2009 was especially good for Ford's overall performance, which has seen its sales increased 33%. This data has further solidified analyst hopes for a renewed force in auto recovery in 2010.
In December of 2009 Ford sold 184,655 news cars. Models of Fusion, Escape and F-series pickup tracks set new records in sales.
Although in the past year, Ford sales fell 15%, market share has improved over the previous year. Ford's Ken Czubay, who is the director of sales, said the Ford business plan is working. He continued saying that the customers are satisfied with the vehicles' high quality and energy efficiency, that are offered by the Detroit-based group.
Currently the Ford stock price is above 11 dollars, rising 9.10 percent.
Written by Armen Hareyan
HULIQ.com
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