Ford expects to sell north of 400,000 more vehicles in the U.S. than second-place Toyota Motor Corp. (NYSE: TM). Of its total sales, Ford said that 1.7 million vehicles were sold through retail outlets and that passenger cars will account for 600,000 of those retail sales. The company’s F-150 pickup trucks are set to surpass 700,000 units in U.S. sales, and sales of its hybrid electrics are destined to sell more than 80,000 units in 2013.
What Ford means by “best-selling brand” is a bit unclear. In terms of overall market share, General Motors Co. (NYSE: GM) leads with an 18% share at the end of November, according to Kelley Blue Book. Ford’s share was 15.6% and Toyota’s was 14.2%. Without exactly saying so, Ford is counting only retail sales, not commercial, government or rental fleet sales.
Based on an analysts’ estimate of 15.6 million new vehicles sold in 2013, Ford’s total sales of 2.4 million works out to market share of about 15.4%. If the number of new cars sold rises above that estimate, Ford’s share will drop, unless the company is wrong about its total U.S. sales.
No one ever doubted that Ford could sell vehicles in the United States. And while the U.S. was a growth market in 2013, the leading market for new car sales is now China, where Ford is far behind GM in market share. GM’s share of the Chinese market in 2012 was around 13.7%, while Ford got a measly 3.2%. Ford’s numbers are expected to be higher this year, but it is still in a deep hole.
Ford shares were trading at $15.35, up about 0.4%, shortly after opening Monday morning. The stock’s 52-week range is $12.10 to $18.02.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
