Ford’s May sales fall 24 per cent

Ford Motor Co. (NYSE:F) said Tuesday its U.S. sales fell 24 per cent in May from a year ago, but sales rose 20 per cent from April as the automaker continues to gain market share from its competitors now under bankruptcy protection.

A truck loaded with Ford and Lincoln vehicles are transported from Canada to the U.S. Peace Bridge border crossing in Buffalo

DETROIT — Ford Motor Co. (NYSE:F) said Tuesday its U.S. sales fell 24 per cent in May from a year ago, but sales rose 20 per cent from April as the automaker continues to gain market share from its competitors now under bankruptcy protection.

General Motors Corp. filed for bankruptcy protection Monday. Chrysler LLC, which filed in April, is preparing to exit bankruptcy protection under an operating agreement with Italian automaker Fiat SpA. Both automakers, and others, report their May U.S. sales results later Tuesday.

Dearborn-based Ford said it sold 161,197 cars and light trucks in the U.S. last month. Sales of the Ford Fusion rose 9.4 per cent as the company began selling new 2010 models of the midsize sedan along with a hybrid version. Ford said it sold a record number Fusions — 19,786 in May — which was surpassed only by sales of its F-series pickup trucks.

Ford says its better cars are driving sales and its increasing market share, not GM and Chrysler’s filings for bankruptcy protection. The company said it plans to increase production levels in the second quarter by 10,000 vehicles, to 445,000, in contrast to its U.S. competitors that are cutting production and idling plants this summer.

Ford also said it plans to build 460,000 vehicles in the third quarter, 42,000 more than in the third quarter of 2008.

Automakers are facing the worst U.S. 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.

Ford said it decreased incentive spending in May but is launching a new program, “Drive the Ford Difference,” this month, in which the company will pay three months of car payments, up to $2,100. Zero-per cent financing will also be available on some vehicles.

Shares of Ford rose two cents to $6.15 in midday trading.

Just Posted

Red Deer ‘champion’ helps hospital by sharing ongoing petition

It’s been about three years since many physicians at Red Deer Regional… Continue reading

Weaker pump prices help inflation cool to 1.7%, the lowest reading in a year

OTTAWA — The annual pace of inflation slowed considerably last month to… Continue reading

Salt Lake City bids for 2nd Olympics in changed climate

SALT LAKE CITY — When Salt Lake City pursued the Winter Olympics… Continue reading

‘Here is my home:’ Refugee whose fingers froze off finds hope in Winnipeg

WINNIPEG — Razak Iyal still wakes up in the middle of the… Continue reading

Trudeau sees 2019 election as choice between positive Liberals, divisive Tories

OTTAWA — Justin Trudeau says he’s confident he’ll win re-election next fall… Continue reading

Alberta’s Sundial starts shipping to AGLC this week

Sundial’s Rocky View facility has received the green light from Health Canada… Continue reading

Maple Leafs among NHL teams facing cap crunches next year

There are questions Maple Leafs coach Mike Babcock won’t touch with a… Continue reading

MacMaster holiday concert billed as dementia-inclusive

TORONTO — A holiday concert by fiddlers Natalie MacMaster and Donnell Leahy… Continue reading

A journey through 2018’s top pop culture moments

And the top pop culture moments of 2018 are … Wait. WAS… Continue reading

Elon Musk unveils underground tunnel, offers rides to VIPs

LOS ANGELES — Elon Musk unveiled his underground transportation tunnel on Tuesday,… Continue reading

Penny Marshall dead at 75, best known as TV’s Laverne and director of ‘Big,’ ‘A League of Their Own’

Bronx-born Penny Marshall, who found ’70s sitcom success on “Laverne and Shirley”… Continue reading

Chabot scores overtime winner to lift Senators over Predators 4-3

OTTAWA — Thomas Chabot saw an opening and he took it. And… Continue reading

Canadian Marielle Thompson earns World Cup ski cross bronze in season opener

AROSA, Switzerland — Canada’s Marielle Thompson captured bronze at the opening World… Continue reading

Canada doesn’t make Oscars short list for best foreign language film

LOS ANGELES — Canada is no longer in the running for best… Continue reading

Most Read