Will Ford (F) Stock be Helped by Strong August Sales Results? - TheStreet.com
Ford reported that U. S. sales in August rose 5. 6% year over year, significantly better than the 0. 2% decline analysts were expecting. The strong month by Ford was part of an overall strong month of sales for the entire auto industry. Economists are expecting annualized sales to top 17 million vehicles in 2015, the best pace the auto industry has seen since 2001. Ford reported that sales of its popular F-Series pickup trucks rose 4. 7% to 71,332 vehicles during the month,... The company also reported that SUV and truck sales rose about 12%, while sedan sales fell 7% in the month. David Peltier , TheStreet's Dividend Stock Advisor , wrote a blog entitled 'Ford Is an Attractive Buy' earlier today. Ford Motor is trading fractionally higher in the midst of a broad market selloff this morning and recently changed hands around $14. 03. Earlier today, the company announced that August U. S. light vehicle sales grew 5. 6% from the previous year,... Ford continues to benefit from lower gasoline prices, as Mustang and commercial vans each posted 70% sales growth. - David Peltier , 'Ford Is an Attractive Buy' , 9/1/2015. TheStreet Ratings team rates FORD MOTOR CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:. Source: www.thestreet.com
