Boston, MA 11/04/2013 (wallstreetpr) – Ford Motor Company (NYSE:F) which is North America second largest automaker has posted good retail sales for its wide range of brands for the month of October. The company total sales were up by 14% with retail sales also reaching a high of 15%. Some of the brands that recorded good results in October include Ford Fusion which was up by 71% and Ford fiesta up by 9%. Ford series on the other hand maintained the upward trend in sales by recording a sixth month straight sales of 60,000 trucks.
The increased sales recorded by Ford are a clear indication of how US and China are currently dominating the world in sales as compared to Europe which is stagnating with debt issues. Ford and other automakers are currently pulling out of Europe markets in search of profitable markets elsewhere. Ford currently expects China auto sales to increase by 14.2% from 19 million the same quarter last year to a high of 21.7 million. Ford currently enjoys a market share of 4% in China for the first 9 months of the year. Ford expects auto sales for the year to rise by 15.9 million at the close of the year as compared to last year sales of 14.8 million.
Ford sales for the month of October stood at 191,985 vehicles an increase of 14% over a year ago. Consumers continue to choose Ford over other brands due to great fuel efficiency that these cars are able to guarantee. Ford fusion sales stood at 21,740 while Escape sales stood at a high of 22,253. Europe markets are the only that are bringing immense challenge to Ford with sales declining by 2.9% for the 9 months of the year. Ford still continues to control 8% of the European markets from the 7.9% it recorded in 2012