Ford (F) November Sales Crush Expectations, Q1 Production Guidance Calls for 11% Increase
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Ford Motor Co. (NYSE: F) sales in November rose at a much higher pace than expected and the company announced strong first quarter 2013 production guidance.
Ford U.S. sales totaled 177,673, up 6.5 percent from last year. Analysts had only expected a 2.4 percent rise.
November small car sales totaled 26,848 vehicles, a 76 percent increase and its best November since 2000. In pickups, Ford's F-Series had its best November sales since 2005, with 56,299 pickups sold, an 18 percent increase.
"November represented a strong month for the industry, and Ford sales performed well across the board," said Ken Czubay, Ford vice president, U.S. Marketing, Sales and Service. "We saw sharp increases in demand for Ford's fuel-efficient small cars, our best-ever month for electrified vehicles and growing demand for our fuel-efficient and capable F-Series pickups."
Ford also announced its 2013 first-quarter North American production plan. The company plans to build 750,000 vehicles in the first quarter, up 11 percent (73,000 vehicles) from 2012's first quarter. Fourth quarter production of 725,000 vehicles is unchanged from previous guidance.
Ford U.S. sales totaled 177,673, up 6.5 percent from last year. Analysts had only expected a 2.4 percent rise.
November small car sales totaled 26,848 vehicles, a 76 percent increase and its best November since 2000. In pickups, Ford's F-Series had its best November sales since 2005, with 56,299 pickups sold, an 18 percent increase.
"November represented a strong month for the industry, and Ford sales performed well across the board," said Ken Czubay, Ford vice president, U.S. Marketing, Sales and Service. "We saw sharp increases in demand for Ford's fuel-efficient small cars, our best-ever month for electrified vehicles and growing demand for our fuel-efficient and capable F-Series pickups."
Ford also announced its 2013 first-quarter North American production plan. The company plans to build 750,000 vehicles in the first quarter, up 11 percent (73,000 vehicles) from 2012's first quarter. Fourth quarter production of 725,000 vehicles is unchanged from previous guidance.
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