Ford monthly sales soar 43%

| March 3, 2010 | 0 Comments
Ford monthly sales soar 43%

Ford Motor company overtook its rivals last month by announcing sales surged 43% - outperforming its major rival, General Motors (GM).

It also accelerated past Toyota, which has been suffering amid major recalls. Toyota has now recalled over 8 million cars over concerns about accelerator pedals and brake systems.

Ford said US sales rose 43% to 142,285 vehicles, while GM sold 141,951 - a more modest rise of 11.5%.

However, GM was pleased with its results after also benefiting from Toyota’s misfortunes.

Toyota reported a fall in sales of 8.7% for the first full month since it announced major recalls in January.

However, Bob Carter, Toyota group vice president, said the decline in sales was not as bad as the company had expected. “I’m surprised that we sold as many vehicles as we did,” said Carter.

In the meantime, Chrysler’s US sales rose by one vehicle to 84,449 units from the low levels of a year ago. However, the figures were 48% higher on January levels.

The news comes as Nissan, Honda and Hyundai reported double-digit sales growth last month.

However Nissan, which is Japan’s third biggest carmaker, has today announced it will recall more than half a million vehicles worldwide due to brake pedal defects and faulty fuel gauges.

It did emphasise that “No accidents or injuries have been reported with these issues”.

Tags: Ford, General Motors, GM,

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