Tuesday, June 2, 2009
Ford Motor Co. says its sales fell 24% in May from a year ago, but sales rose 20% from April as the automaker continues to gain market share from its U.S. competitors now under bankruptcy protection.
The Dearborn, Mich., automaker says it sold 161,197 cars and light trucks. Sales of the Ford Fusion rose 9.4% as the company began selling new 2010 models of the midsize sedan along with a hybrid version.
Ford says its better cars are driving sales and its increasing market share, not the bankruptcy protection filings of General Motors and Chrysler.
Automakers are facing the worst sales climate in 27 years. The companies and analysts are expecting are a rebound as the consumer confidence improves, but there's concern that heavy incentives to are inflating sales.