January is typically a weak month for U.S. auto sales. Despite this, Ford reported a 25 percent year-over-year increase in sales from 2009.
Ford reported an increase in Tuesday passenger cars sales of 43 percent. Trucks and SUVs saw sales rise 15 percent. Sales to re
Ford said Tuesday car sales rose 43 percent while sales of trucks and SUVs climbed 15 percent. The automaker also reported that fleet sales (which would include rental car agencies and the like) more than doubled.
Of course, such a rise is somewhat of a pyrrhic victory, as last January saw a 26-year low in sales because of the recession. Other automakers, including Toyota, were scheduled to report results later Tuesday.
Toyota's report will be closely watched. The embattled Japanese automaker stopped selling eight car models and trucks on Jan. 26th following a recall over sticking accelerator pedals. Both Ford and General Motors are offering incentives to Toyota drivers who switch vehicles to their models.
Toyota has said parts were heading for dealers, who will get the parts to fix the problem by the end of the week. The recall affects 2.3 million cars and trucks in the U.S. and more than 4 million globally.
Written by Michael Santo
HULIQ.com
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