Interesting: Ford and Chrysler
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Perhaps bailing out Chrysler wasn't such a good idea. I bet it isn't long before Chrysler goes away. Wait, nevermind, the government will continue to pour money into that sinking ship.
It is nice to see one American car company doing well. Ford seems to have gotten their shit together and are offering vehicles that people want to buy. IIRC the Edge has been very popular as well as the Fusion and of course the Ford trucks. I see that the Festiva is coming back as well.
http://online.wsj.com/article/SB10001424052748703436504574640222725513080.html?mod=googlenews_wsj
By JOHN KELL
Ford Motor Co. posted a 33% rise in December U.S. light-vehicle sales, ending a stellar year for the auto maker compared with its rivals. Ford recorded its first full-year market-share gain since 1995.
Meanwhile, Chrysler Group LLC posted a 3.7% decline and said its full-year sales were the worst the auto maker had seen in 47 years.
Shares in Ford were up 7.1% to $11.01 at midday on the New York Stock Exchange, reaching the highest level since August 2005.
Ford put its U.S. market share at about 15% for the year—about one percentage point higher than 2008. December's sales growth marks the fifth time in six months Ford has seen increases. The company's latest results were aided by two extra selling days, making for easier comparisons.
The recent results at Ford have been the strongest of the Detroit auto makers. The company has posted back-to-back quarterly profits and said it would be "solidly profitable" in 2011.
On Tuesday, Ford reported its U.S. companywide light-vehicle sales were 183,701 in December compared with 138,325 a year earlier. There were 28 selling days last month, two more than last year.
Ford, Lincoln and Mercury car sales rose 33% to 179,017. Sales of crossover vehicles rose 51%, while sales of sport-utility vehicles increased 33%. Truck and van sales rose 18%. For the year, Ford's sales fell 15% to 1.62 million.
Chrysler reported sales fell to 86,523 vehicles in December, with a 31% gain in car sales and a 14% decline in truck sales. Still, the company said 11 vehicles experienced year-over-year increases. For all of 2009, Chrysler's sales declined 36% to 931,402 vehicles. Chrysler, which left bankruptcy protection in June under the management control of Fiat SpA, has performed the worst of any of the major auto makers.
Also, Nissan Motor Co.'s sales rose 18% to 73,404 vehicles in December, although full-year results declined 19% to 770,103. "Despite the huge challenges and uncertainties of last year, combined Nissan and Infiniti market share set a record in 2009," said a Nissan U.S. sales and marketing executive, Brian Carolin.
A December surge—aided in part by General Motor Co.'s late-month dealer incentive program to clear out thousands of leftover vehicles from Saturn and Pontiac—has raised hopes for 2010. Still, the industry's sales are well under the 16 million a year that was considered the norm earlier this decade.
Meanwhile, data showed Japan's domestic auto sales rose sharply in December from the previous year, suggesting that government buying incentives continue to support the industry in that nation. In Germany, new-car registrations fell 4.7% in December to 215,400 but rose 23% to 3.81 million for the year, boosted by a car-scrapping incentive scheme.
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MisterCMK;297710 wrote:
Perhaps bailing out Chrysler wasn't such a good idea. I bet it isn't long before Chrysler goes away. Wait, nevermind, the government will continue to pour money into that sinking ship.It is nice to see one American car company doing well. Ford seems to have gotten their shit together and are offering vehicles that people want to buy. IIRC the Edge has been very popular as well as the Fusion and of course the Ford trucks. I see that the Festiva is coming back as well.
Fiesta...
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I wish Ford had a van right now. Make it AWD with power sliding doors please. The Flex looks huge inside but doesn't look any good for mounting car seats in, and getting into the 3rd row seats isn't as easy as it is in a van, and impossible with carseats in the 2nd row.
And the E-series full-size vans don't offer power sliding doors as far as I know.
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