Ford Motor Company (NYSE:F) Witnesses Hike In European Sales


Dallas, Texas 08/19/2013 (Financialstrend) – The Ford Motor Company (NYSE:F) on Thursday said that it has witnessed a considerable rise in its sale in the European markets facilitated by 26% increase in sales in the United Kingdom.

The sales in 22 countries of west Europe have gone up by 8.7% outpacing the market’s 4.3% growth in the year to 900000 vehicles. The company perceives this rise in sales as signs of increasing market stability in Europe.

Having witnessed downfalls for three years amid debt crisis the sales this year witnessed hikes owing to improved economic conditions in the European Union.

The giant automaker said that there is a strong demand for new models such as the Fiesta, Kuga, B-max and Transit Custom across Europe.

The company’s sales in July witnessed a growth more than twice as the overall industry owing to increasing likability and demand for its new models mentioned above. The company’s market has grown 8% in contrast to 7.6% in July 2012, its fourth successive month of share gains in the market.

The Vice President, Marketing, Sales and Services for Ford, Roelant De Waard said that he is immensely happy at the news to see such considerable improvement in the sales in comparison to the figures of the previous year. He said that he is profoundly pleased that the sales of the company have grown faster than the industry.

Improvement In Shares

The share of the Ford passenger car retail remained at 8.0 percent in July and 8.3 percent in the first seven months this year showing improvements of 1.5 percentage points and 1.1 percentage points respectively.

These figures are for the company’s five largest Western European markets inclusive of UK, Germany, France, Italy and Spain.

July also marked the 6th consecutive month for increase in retail shares.

Ford Company’s Market Highlights

In July, the automobile company’s sales increased in Germany by 4 per cent while in UK the shares rose by 1.9 percentage points. Ford is the third best selling auto brand in Germany just behind VW and Mercedes and is ahead of Audi.

In Turkey, the sales of the company increased by 3.2 percent.

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