Company to release official numbers Monday; ‘clunkers’ helped buoy figures
CHICAGO - Surging demand from the government’s “cash for clunkers” program has helped lift Ford Motor Co. to its first monthly increase in two years, the company’s top sales analyst said Sunday.
July sales results mark the first year-over-year gain for Ford since November 2007 and apparently the first uptick by any of the six biggest carmakers since last August, George Pipas said.
He declined to disclose a specific total before sales results are officially reported on Monday. Dearborn, Mich.-based Ford sold a total of 161,071 vehicles in July 2008, down 15 percent from a year earlier.
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I wonder how many of these people could of got a car loan if they didnt have the bail-out to use as a deposit. It will be interesting to see how many of these new cars bought by clunkers will end up repossesed.
ReplyDeleteHurray for more deficit spending to get votes for Democrats and running up the national debt to boot.
ReplyDeleteObamanomics is brilliant.
I took advantage of the brief giveaway and realized a savings of $4500 for buying a Prius to replace my Buick back during the beginning of the month when many of the dealers (but one) told me I had to wait.
ReplyDeleteThank you Pohanka!