Ford Truck and SUV Sales Soar 10% Above Expectations
April 9, 2023
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Ford Motor ($NYSE:F) Company has seen a surge in sales during the past quarter, with their truck and SUV models leading the way. According to recent reports, the automotive giant saw sales increase by 10% or more beyond expectations, largely due to the boom in customers buying larger vehicles. This news is a welcome respite for Ford and its shareholders, who have been hoping for an uptick in sales. Ford Motor Company is an iconic American car manufacturer that has been in business for more than a century.
With a lineup of vehicles ranging from small cars to large SUVs and trucks, Ford has something for everyone. The company also boasts a strong presence on the stock market, where its shares have risen steadily over the past year.
Stock Price
On Tuesday, FORD MOTOR stock opened at $12.8 and closed at $12.7, up by 0.3% from prior closing price of 12.7. This is due to the soaring sales of Ford Trucks and SUVs, which have increased by 10% compared to market expectations. The sales growth of trucks and SUVs is an indication of increasing consumer demand and greater confidence in Ford’s products.
The strong sales numbers demonstrate that Ford has positioned itself as a competitive and reliable automotive manufacturer. As such, the company is well-poised to gain further market share and increase its profitability in the upcoming future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ford Motor. More…
| Total Revenues | Net Income | Net Margin |
| 158.06k | -1.98k | 2.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ford Motor. More…
| Operations | Investing | Financing |
| 6.85k | -4.35k | 2.51k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ford Motor. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 255.88k | 212.72k | 10.85 |
Key Ratios Snapshot
Some of the financial key ratios for Ford Motor are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.5% | 8.3% | 3.0% |
| FCF Margin | ROE | ROA |
| -0.0% | 7.0% | 1.2% |
Analysis
GoodWhale has analyzed the financials of FORD MOTOR and has determined that it is a medium risk investment in terms of financial and business aspects. After thoroughly assessing the income sheet and balance sheet, as well as other financial indicators, we have assigned a Risk Rating of “medium” to FORD MOTOR. Furthermore, our team has identified 2 risk warnings in FORD MOTOR’s income sheet and balance sheet. We advise you to register with us to learn more about these risk warnings and the reasons behind them. By doing so, you can make an informed decision about whether or not FORD MOTOR is a suitable investment for you. More…
Peers
In the automotive industry, there is intense competition between Ford Motor Co and its main competitors General Motors Co, Tesla Inc, and Toyota Motor Corp. All four companies are vying for a share of the global market and are constantly innovating to stay ahead of the competition. Ford has been a leader in the industry for many years, but its rivals are constantly closing the gap.
– General Motors Co ($NYSE:GM)
General Motors Co is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services. The company operates through four business segments: GM North America, GM International, GM Cruise, and GM Financial. The company was founded in 1908 by William C. Durant and Charles Stewart Mott and has been publicly traded since 1910.
General Motors Co has a market capitalization of $49.94 billion as of 2022 and a return on equity of 10.52%. The company’s North American segment is its largest, accounting for about 60% of its total revenue. GM North America designs, builds, and sells cars, trucks, crossovers, and SUVs under the Chevrolet, Buick, GMC, Cadillac, and Holden brands. The company’s international segment consists of its operations in China, Europe, the Middle East, and Africa. GM Cruise is the company’s autonomous vehicle subsidiary. GM Financial provides automotive financing solutions through dealerships and digital channels.
– Tesla Inc ($NASDAQ:TSLA)
Founded in 2003, Tesla, Inc. is an American multinational corporation that specializes in electric vehicles, energy storage, and solar panel manufacturing. Based in Palo Alto, California, the company operates multiple production and assembly plants, notably Gigafactory 1 near Reno, Nevada, and its main vehicle manufacturing facility at Tesla Factory in Fremont, California. As of June 2020, Tesla sells the Model S sedan, the Model X SUV, the Model 3 sedan, the Model Y SUV, the Roadster sports car, the Semi truck, and the Cybertruck pickup truck. Tesla also offers vehicle service centers, supercharger stations, and Destination Charging stations.
Tesla’s market cap is $687.33B as of 2022. The company has a Return on Equity of 27.88%.
– Toyota Motor Corp ($TSE:7203)
Toyota Motor Corp is a Japanese multinational automotive manufacturer. As of 2012, Toyota Motor Corp was the largest automotive manufacturer in the world by production volume. The company produces vehicles under five brands, including the Toyota brand, Hino, Lexus, Ranz, and Daihatsu. It also has a majority stake in Subaru and minority stakes in Isuzu, Mazda, and Suzuki. In addition to vehicles, Toyota Motor Corp also manufactures engines, transmissions, and other automotive parts and components.
The company’s market capitalization is 27.48T as of 2022. Its return on equity is 11.32%.
Toyota Motor Corp is a leading manufacturer of automobiles. The company’s products include passenger cars, trucks, buses, and SUVs. Toyota vehicles are sold in more than 170 countries and regions worldwide. The company has manufacturing plants in Japan, North America, Europe, Asia, and Africa.
Summary
Ford Motor Company is a major player in the automotive industry, and its financial performance has been strong in recent months. Sales have risen more than 10%, led by strong demand for both trucks and SUVs. This jump in sales has been driven by an increase in consumer confidence, as well as strong economic growth and low gas prices. The company has also been investing in new technology and self-driving cars, which is expected to further boost their market share.
Ford’s stock has responded positively to the news of increased sales, and it looks like this trend could continue as the company continues to build on its successes. Investors should keep an eye out for new developments and keep Ford on their radar.
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