Ford continued to gain market share in August

Ford Motor Company
Tags: manufacturing, business management

Consumer demand for Ford’s lineup of high-quality, fuel-efficient vehicles helped the company continue to grow its retail market share in August for the 22nd time in the last 23 months.

Ford, Lincoln and Mercury dealers delivered 157,503 new vehicles in August, down 11 percent vs. a year ago, when Ford outpaced the industry during the “Cash for Clunkers” sales program.

Year-to-date, Ford sales totaled 1.28 million, up 18 percent – double the growth of the overall industry.

“Ford continues to outperform the overall industry,” said Ken Czubay, Ford vice president, U.S. Marketing, Sales and Service.  “In this market, consumers are looking for vehicles that offer industry-leading quality, fuel economy, safety and technologies, and growing numbers of them are turning to Ford.”

Last August, the Ford Focus and Escape were among the industry’s best sellers during the “Cash for Clunkers” program.  Even though both products had strong sales results this August, they had large declines against last year’s record sales.

Products with higher sales than a year ago include:

Sales Outlook and North American Production
In the fourth quarter of 2010, Ford plans to produce 570,000 vehicles.  In the fourth quarter of 2009, the company Ford produced 574,000.

“The Ford plan is to match capacity with the real demand, and we continue to monitor the key economic indicators as we make adjustments,” Czubay said.

In the third quarter, Ford plans to produce 570,000 vehicles, unchanged from the previously announced level.