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Ford Retains Title of North America's Best Selling Car Manufacturer

Ford Retains Title of North America's Best Selling Car Manufacturer
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As 2013 comes to an end, the title of North America's best selling car manufacturer goes to Ford (NYSE: F), according to the Detroit Free Press.

The Detroit based automaker had a tremendous year due to record sales figures for the Fusion, Escape and Fiesta cars. The company said that retail sales have risen 15 percent this year, greater than any other competitor.

The F-Series pickup truck retains the ranks of the single-best seling vehicle with more than 700,000 units sold this year. An improving housing market and increased commercial construction boosted demand for high performance pickup trucks.

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In total, Ford has sold more than 2.4 million vehicles which would place Toyota Motors (NYSE: TM) in second place.

In 2012, Ford sold 329,677 more vehicles than Toyota. Through November of this year, Ford had sold 396,041 more vehicles than Toyota. December's sales figures are set to be released on January 3, 2014.

“The great news is that we are not overly reliant on any one segment – we're seeing double-digit sales growth in cars, trucks and utililities,” said John Felice, vice president of US Marketing, Sales and Service at Ford.

2014 is shaping up to be a positive year for the company as well. “With 16 launches next year, we're looking to keep our sales momentum going,” Felice also said.

Posted-In: Ford Ford Escape Ford Fiesta Ford Fusion housing recoveryNews Retail Sales Economics Best of Benzinga


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