Breaking: Ford beats GM in March sales
posted its seventh consecutive sales gain for the month of March, with 206,621 total sales. A good month, no doubt, but had a better month for just the second time since 1998. Ford last bested GM in . The Blue Oval posted sales of 212,295, thanks in part to a 21-percent jump in truck sales.
That’s a victory of 5,674 units for the Dearborn, MI-based automaker, but the real drubbing came in the ongoing battle of Ford Vs. . The Bowtie brand moved 148,197 units, compared to 203,794 for Team Ford. That’s a 28-percent sales jump for the Blue Oval, which admittedly amped up fleet sales for the month, but retail sales were also up 14 percent.
Ford had plenty of hot products moving off dealer lots, with 53,272 F-Series trucks sold, a record 9,787 and record March sales for the and . One factor holding back GM sales was a $700 per vehicle cutback in incentive spending, though that will probably help the automaker’s bottom line more than a few extra sedans rolling off the line.
While Ford was victorious in March, GM is still up for the year by 97,000 units. Stay tuned to Autoblog for our monthly update, which will lay out sales totals for all of the major automakers selling in the U.S.
[Source: - sub. req.]
2011, 2011 ford, A4, Bing, blue oval, breaking, chevrolet, CTS, ford, general motors, gm, green, photo, Photos, review, sale, Time, truck, U.S., update
Ally Financial, formerly GMAC Financial, has filed the paperwork necessary for an Initial Public Offering. The Detroit News reports that the filing will go to the Securities and Exchange Commission for approval before Ally can go public; a process that could take months. The federal government, which owns 74 percent of the lending arm due to its $17.2 billion 2009 bailout, is the only party listed as a stockholder.

