Ford, U.S. Automakers Report Good January Sales
American-made vehicles are posting strong sales once again, boosted by the popularity of eco-friendly models. Ford , General Motors and Chrysler reported January sales on Friday, and all three companies boasted higher numbers. Ford led the way, selling 22% more vehicles than it did just a year ago; GM and Chrysler followed suit with 16% sales boosts.
The Ford Fusion -- a fuel-efficient sedan that gets 47 miles per gallon -- had its best January ever, as sales surged 65% from a year ago. GM's Vice President of U.S. sales attributed the company's success to optimism "that only comes when you pair a growing economy with great new products." GM, which owns a number of different brands, saw high growth in its Cadillac and Buick lines, posting sales increases of 47% and 32%, respectively.
Chrysler's January numbers marked the best year since 2008, as well as the 34th consecutive month of year-over-year sales increases, according to a company press release. The market is applauding the widespread signs of health from the auto industry today; Ford and General Motor shares were both trading higher in the early afternoon.
The article Ford, U.S. Automakers Report Good January Sales originally appeared on Fool.com.Fool contributor John Divine has no position in any stocks mentioned. You can follow him on Twitter @divinebizkid and on Motley Fool CAPS @TMFDivine.The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.