Friday, April 1, 2011

Ford (F) Beats GM (GM) in March Sales

Ford Motor (NYSE:F) sales surpassed General Motors, rising by 19 percent to GM's 11 percent; the first time they beat GM in monthly sales since February 2010.

Sales rose to 212,777 vehicles during that period of time, as Americans used their tax refunds for purchases.

General Motors also lowered its incentives to boost margins and earnings, even though revenue will take a hit, which isn't necessarily a bad thing for them.

With fuel prices rising, smaller cars were driving sales, and with Ford they were led by sales of Fiesta, although SUVs continue to remain popular even in the tough fuel climate.

People with higher incomes continue to spend as well, as Porsche sales soared 36 percent in March, showing that demographic continues to do well.

Ford was trading at $15.39, gaining $0.48, or 3.22 percent, as of 12:24 PM EDT.

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