Fords (F) Europe Sales Rise 5.3% Y/Y in July, 9.7% YTD - Zacks.com
Analyst Report ) recorded a 5. 3% year-over-year rise in sales to 100,500 vehicles in its 20 traditional European markets in Jul 2015. With this, Ford’s monthly sales lagged the industry sales growth of 8. 8%. In the first seven months of 2015,... The year-over-year improvement was driven by higher sales, particularly in the private retail and fleet sectors. Ford’s sales in the higher value retail and fleet segments accounted for 72% of total passenger car sales in the first seven months of 2015, 2 percentage points higher than the industry average. Further, Ford’s commercial vehicle sales jumped 4% in June and 28% in the first seven months of the year. As a result, the market share of commercial vehicles improved 1. 7 percentage points to 12. 3% year to date. The market share of commercial vehicles year to date emerged as the best in nearly 20 years. Sales of most of Ford’s products were strong. Good demand for the new as well as revamped vehicles, such as Mondeo sedan, EcoSport SUV and the Transit commercial vehicle range, boosted sales and market share in Europe. Source: www.zacks.com
