Ford’s Sales Rise 15% Last Year

More good news for Ford (F). The company just reported that its sales rose 15% in 2010.

The company sold 1.9 million cars and trucks and grabbed market share from rivals including General Motors and Toyota. Ford says 2010 was the second year in a row it gained U.S. market share, its first back-to-back increase since 1993.

The Ford F-150 pickup was the best-selling vehicle in the U.S. last year. The company also saw strong sales of its Fusion midsize sedan and Edge, which has the roominess of an SUV but handles like a car. Sales of Ford’s luxury Lincoln brand rose only 4 percent for the year.

Without the Volvo brand, which Ford sold last fall, Ford’s sales climbed 19 percent for the year.

Wall Street now expects Ford to make $2.08 per share this year. The stock is currently at $17. The Q4 earnings report should come out at the end of the month.

Posted by on January 4th, 2011 at 12:47 pm


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