Ford Sees More Gains in U.S. Market Share in March
DETROIT - Ford Motor Co. expects to take a larger share of the U.S. market in March, as it continues to attract non-Ford owners to its brands, Ford's U.S. sales chief said today, Reuters reported.
The U.S. auto industry overall is expected to have a stronger month in March than many expected at the end of February, but Ford's results should outpace the industry, Ken Czubay said in an interview.
"We are having a pretty good month in March and we are finding the industry is having a good month, but we ought to outpace the industry again," he said.
Czubay said the seasonally adjusted annualized sales rate for the industry in March will be "surprisingly good" compared with what might have been expected at the end of February.
In early March, Ford said consumer confidence seemed to have reached a plateau.
Annualized U.S. auto sales ran at a 10.8 million vehicles in January and at about 10.4 million in February. Most industry forecasters expect sales of about 11.5 million vehicles in 2010.
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →