Thursday, June 16, 2011

Ford’s European Sales Up To 10.5 % in May

Ford’s auto sales across its 51 European markets (including Russia, Turkey and certain countries from North Africa) in May rose 13 percent to 143,800 units, up by 16,600 units from a year earlier. May sales in the firm’s traditional 19 European markets rose by 10.5 percentage points to 116,500, up by 11,100.
Year to date, the company’s sales across its total 51 markets across Europe in the first five months of 2011 were up 0.6 percent to 684,000 vehicles compared to the same period in 2010, while in its traditional 19 European markets, Ford saw its sales drop 4.6 percent to 570,400 units.
Ford said the lower sales in the 19 European markets were due to the scrappage schemes that were still in place in the early part of 2010 as well as the company’s decision to selectively reduce participation in low margin business.

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