Dallas, Texas 07/03/2013 (Financialstrend) – Ford Motor Company (NYSE:F) closed in the previous trading session at $16.18 after going up by 2.80% (or $0.44). The intra-day range of the stock is $15.69-$16.21. The market capitalization of the company is $63.61 billion.
Last month, sales of Ford Motor Company, a global car maker, were up by 13.4%. The company sold approximately 236,000 vehicles; utilities, car sales and trucks rose by 8%, 12% and 20% respectively. Sales of the F-150 model were up by 24%, with June being the best month for the model since 2005. Pent-up demand for work vehicles and robust truck sales resulted in the best June for the auto industry since the year 2007 in terms of sales.
Ken Czubay, the Vice President U.S. Marketing, Sales and Service of Ford Motor Company, said he continues to see strong demand for automobiles across the entire line-up in June. The Ford executive is encouraged by the strong share gains of the retail segment, particularly in coastal markets. The combination of great design and fuel economy attracts the customer base that includes a lot of consumers buying Ford for their first time in these markets.
Sales of small Ford cars, including C-MAX, Focus and Fiesta totalled 35,851, up 39% over the last year resulting in the best small car performance of June in 13 years.
Record-high monthly came also from the Escape model (28,694 vehicles), up 1%, setting record sales this year for the fifth consecutive time. Strong demand for Escape and Fusion, combined with good small car performance is triggering national share gains, particularly in the south-eastern and western areas of the United States. Sales of F-series are up by 24%, standing at 68,009 vehicles. Record-high June sales were also posted for the Lincoln MKZ model, recording sales of 3,180 vehicles.