Ford Motor Company announced Tuesday its U.S. sales rose 21 percent from September and 3 percent from a year ago. This marks the third time in the last four months Ford sales have increased.
Motor sales began rising in July when the “cash for clunkers” program was instilled, but saw a steep decline in September after funds for the program quickly ran out. But the popular program left many auto dealers with smaller supplies of vehicles. To stay ahead of the demand, Ford and other auto manufacturers increased October production to help replenish supplies on dealer lots.
Ford’s slow but steady climb brings hope that the U.S. auto industry is recovering. General Motors, Chrysler and Toyota are scheduled to report their October sales Tuesday afternoon.
Read more about the auto industry in Jeff Green and Alex Ortolani's article.
