Tuesday, February 1, 2011

Ford Motor's (NYSE:F) Sales Jump 13 Percent in January

American auto sales in January rose for most companies, including Ford Motor (NYSE:F), whose sales rose 13 percent for the month.

While not mentioned, it's almost assuredly the result of tax return money, as it was driven by consumer sales and not fleet sales from commercial buyers.

Overall, Ford sold 127,317 cars and trucks in January. Last year in the same month Ford sold 112,406 cars and trucks.

Ford's sales were particularly hit hard by lower commercial sales, as they dropped year-over-year by 27 percent. General Motors (NYSE:GM), in contrast, had commercial sales drop by only 7 percent in January.

For consumer sales, they jumped for Ford by 27 percent for the month over last year.

Ford was trading at $16.11, gaining $0.16, or 1.03 percent, as of 1:27 PM EST.

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