Ford (F) European Sales Fall 9.3%
Tweet
Share
E-mailGet Alerts F Hot Sheet
Price: $12.94 +0.47%
Overall Analyst Rating:
NEUTRAL (
Down)
Dividend Yield: 6.2%
EPS Growth %: -33.3%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 6.2%
EPS Growth %: -33.3%
Join SI Premium – FREE
Ford (NYSE: F) is feeling the pressure on the crisis in Europe, although some select markets there are showing strength.
In its total 51 European markets, Ford sold 130,000 vehicles in May, down 9.3 percent or 13,500 units compared with May 2011.
In the U.K., Ford's largest European market, sales rose 11.7 percent. In Russia, sales rose 11.1 percent.
Ford's market share in May in its traditional 19 Western European markets decreased by 0.2 percentage points to 8.1 per cent year over year on total sales of 102,100 vehicles.
In Eastern Europe sales rose 7.3 percent to 4,200 units in May.
In Germany, sales fell 6.8 percent in May to 21,500 units.
"May sales confirm that the market remains weak in Europe and that this will be a challenging period for the industry for some time to come," said Roelant de Waard, vice president, Marketing, Sales and Service, Ford of Europe. "It is more important than ever to offer customers a strong, exciting product portfolio, which is why we are fortunate to be launching acclaimed vehicles such as the Focus 1.0-litre EcoBoost, Focus ST and the all-new Ford B-MAX multi-activity vehicle."
In its total 51 European markets, Ford sold 130,000 vehicles in May, down 9.3 percent or 13,500 units compared with May 2011.
In the U.K., Ford's largest European market, sales rose 11.7 percent. In Russia, sales rose 11.1 percent.
Ford's market share in May in its traditional 19 Western European markets decreased by 0.2 percentage points to 8.1 per cent year over year on total sales of 102,100 vehicles.
In Eastern Europe sales rose 7.3 percent to 4,200 units in May.
In Germany, sales fell 6.8 percent in May to 21,500 units.
"May sales confirm that the market remains weak in Europe and that this will be a challenging period for the industry for some time to come," said Roelant de Waard, vice president, Marketing, Sales and Service, Ford of Europe. "It is more important than ever to offer customers a strong, exciting product portfolio, which is why we are fortunate to be launching acclaimed vehicles such as the Focus 1.0-litre EcoBoost, Focus ST and the all-new Ford B-MAX multi-activity vehicle."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ford Motor (F) call put ratio 2 calls to 1 put into quarter results
- Applied UV (AUVI) Files for 518K Share Offering by Selling Stockholders
- Centessa Pharmaceuticals (CNTA) Announces Pricing of $100 Million Public Offering of American Depositary Shares
Create E-mail Alert Related Categories
Corporate News, Retail SalesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
