Ford Motor Co. said that that there are indications to show that passenger vehicle sales will likely to increase in 2015 and it may even surpass 17 million since 2001. The auto industry will continuously grow until next year based on forecasts. Despite the huge spending due to losses and recalls of Ford vehicles in countries in South America and Europe, Ford is still positive that for next year, their earnings will jump from$8.5 billion to $9.5 billion.

The company said during the investor presentations that deliveries for new cars and trucks will increase from 16.8 million to 17.5 million . Since 2001, the said deliveries have not surpassed the 17 million mark as the another known brand General Motors offered loans with no interests to consumers. With Ford finally gearing up for its aluminum bodied pickup trucks that are considered to be one of the top-selling models of the brand, Ford expects to have an increase in the US sales growth.

According to Joe Hinrich, Ford’s President , the housing market will continue to exhibit improvement which has a direct influence in the truck market. Furthermore, he mentioned that the company expects to have an increase in auto sales by about 18 million when the decade ends.

Increasing Consumer Confidence

For the month of September, the sales exhibit continuous momentum brought about by increase in job growth along with consumer confidence and the availability of credit. Based on the sales report for September, there is a 9.9% increase. On the other hand, the selling rate which is adjusted depending on the seasonal trends may increase from 15.4 million to 16.5 million. The sales record for August increased to 17.5 million which is said to be the highest selling rate eversince Jan. 2006.

Other car makers like General Motors is expected to still possess the higher market share with an 18% increase. Nissan Motor Co. follows in the lead with 17% increase then Chrysler and followed by Honda Motor Co. Based on the survey, Ford may experience a slip by 2.45.

A Different Picture

According to analysts, the 2001 scenario is far different as sales dropped due to terror threats and attacks. To keep the sales and the factories, General Motors came up with the program known as “Keep America Rolling : whereby they offered loans with no interests. Other brands also followed the same program. But unfortunately, income of General Motors decreased to 87% while Ford had to pay $2.1 billion for tire replacement and incurred a $5.45 billion l BLOG COMMENTS POWERED BY DISQUS