skip to main content
|

Financial News

Thursday May 1, 06:31 PM
Ford sales skid 12.2 percent as customers shun big trucks

Photo
Click to enlarge photo

CHICAGO (AFP) - Ford Motor Co. said Thursday its US sales slid 12.2 percent in April from a year earlier as customers moved away from fuel-hungry sport utility vehicles.

The number two US automaker said it sold 220,727 vehicles in April.

Ford reported an 18.3 percent slide in its truck category sales including SUVs while passenger cars were down just one percent. Ford also noted a sharp decline in sales to rental fleets which typically show little or no profit.

"Higher gas prices are accelerating the industry-wide shift from trucks and traditional sport utility vehicles to cars and crossovers," the company said.

The company said it drew interest in its newer cars like the redesigned compact Focus sedan, which saw a 43.5 percent jump in sales.

"Focus is the right car at the right time," said Jim Farley, Ford group vice president.

Send Article by Email  |  Send Article by IM  |  Blog This with Y! 360  |  Printable View

Full Coverage : Business News for Mobile
  Previous article : Microsoft and Yahoo in takeover talks: source ( )
  Next article : Oil prices dive on healthy US crude reserves ( )
Yahoo! Finance : Yahoo! Finance - Automobile Sector
Yahoo! Finance : Yahoo! Finance - News - Commentary
  Previous article : Norcros says main markets softening ( ShareCast)
  Next article : Japan may nominate BoJ deputy Shirakawa as governor: reports ( )
Full Coverage : Headline News
Yahoo! Finance : Yahoo! Finance - Automobile Sector
  Previous article : 23 percent slide for Chrysler US sales in April ( )
  Next article : GM posts $3.3bln loss amid weak US market ( )

AFP logo

FTSE 100  Gainers  Losers
FTSE 250 Quotes by Sector
Dow Jones  Nasdaq  S&P 500
DAX 30   Eurostoxx 50
 
Message Boards
Property Pensions
Savings Utilities
UK Stocks Investing
Speach bubble Is it time to buy?
Speach bubble Oil price falls-petrol/derv price to?
Speach bubble High utility prices
Speach bubble You don't see the eyes of a D3m0n
Speach bubble Spread Betting vs CFDs


Archives of

Copyright © 2008 AFP AFP. All rights reserved.