Ford Just Said Something Really Bullish About The US Economy


Photo: Wikimedia Commons

As long as we’re having  a good news party for the week, might as well mention the latest commentary from automaker FordFirst, the company said total car sales were up 14% for June, which is pretty solid.

But what’s interesting is the rebound in trucks: The company says that the company’s flagship F-1 series had one of its best months in 3 years.

Here’s the specific commentary for the release:

Ford truck sales increased across the lineup in June, with F-Series (up 7 per cent), Ranger (up 18 per cent), Transit Connect (up 40 per cent) and Econoline (up 4 per cent). Transit Connect sales were 2,992 – the second highest sales month ever.”

“Ford’s F-Series truck remained the best-selling vehicle in the U.S. with June sales of 49,618. In the first six months of 2011, F-Series sales totaled 264,079 (up 10 per cent). Sales of the F-150 with new V6 engines continued to outsell V8s in June – and V6 engines accounted for 56 per cent of F-150 retail sales. The 3.5-liter EcoBoost engine accounted for 41 per cent of F-150 sales, and the 3.7-liter V6 accounted for 15 per cent.”

People buy trucks, obviously, for construction and doing real economic activity.

The market likes the announcement. The stock is up 1.85%.

GM, which also reported sales today, is also about 0.5%.

For more on why things are turning up again, see here >

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