Ford, U.S. Automakers Report Good January Sales

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

American-made vehicles are posting strong sales once again, boosted by the popularity of eco-friendly models. Ford (NYSE: F  ) , General Motors (NYSE: GM  ) 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. 

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2231514, ~/Articles/ArticleHandler.aspx, 8/28/2016 1:17:09 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,395.40 -53.01 -0.29%
S&P 500 2,169.04 -3.43 -0.16%
NASD 5,218.92 6.71 0.13%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/26/2016 4:00 PM
F $12.38 Down -0.09 -0.72%
Ford CAPS Rating: ****
GM $31.53 Down -0.01 -0.03%
General Motors CAPS Rating: ***