Jun 1, 2011
Ford Motor Co. reported essentially flat U.S. sales for the month of May, at 192,102, down 0.1% from 192,253 in May of 2010.
Ken Czubay, Ford vice president of U.S. Marketing, Sales and Service said, "Customers increasingly are demanding new products that deliver compelling fuel economy. Ford's new fuel-efficient products and powertrains arrived at the right time - just as fuel efficiency became even more of a consideration among consumers."
Sales of the company's small cars were strong. Sales of the Ford Focus remained very strong, at 22,303 in the month, up 32% from a year ago, while sales of the Fiesta were 7,120.
Sales of the Fusion midsize car were also strong, totaling 24,666, its second highest month ever, and up 10% from last May.
Explorer sales were exceptionally strong. The company noted, "In the first five months of 2011, the new Explorer is setting a torrid pace, with year-to-date sales totaling 55,401, up 120 percent. In June, Explorer will surpass last year's full-year sales total of 60,687."
Ford Motor has a potential upside of 37.1% based on a current price of $14.52 and an average consensus analyst price target of $19.91.
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