Ford has released details that it has seen improvements in it's market share of the US. The US car manufacturer announced that they sold 155,954 vehicles in May. This figure is a 20% increase on April sales, however, it's a 24% decrease on sales from the same month last year.
This rise in sales could be down to the decrease in sales from other car manufacturers like General Motors and Chrysler who have both filed for bankruptcy.
GM released their current sales figures the day after they filed for bankruptcy. They reported 191,875 vehicles sales last month which is a 30% drop on May 2008 sales, however, this is an 11% rise on last months sales. The worst sales came from the makes that General Motors plan to sell on, Hummer, Saab, Saturn and Pontiac.
Chrysler filed for bankruptcy on April 30th after announcing they saw 79,010 sales during May which is a 47% drop insales from the same month last year. They said their sales were a result of over 700 dealers that are cutting costs to get rid of Chrysler cars as they are stopping sales after this week.
Ford has already changed their production strategy to try and take advantage of the current situation. Ford plan on producing an extra 10,000 vehicles this quarter, aswell as an extra 42,000 vehicles during the next quarter.
All car manufacturers have seen a decrease in public sales, but that is not the only reason for a decrease in overall sales. Corporate sales have also been on the decrease, companies that offer Ford leasing aswell as a number of other makes such as Peugeot leasing are buying less cars because they are being hit by the credit crunch. The problem is because when people consider buying a car, they rarely consider options like leasing which can generally save you money.