According to a new Ford press release, Mustang sales are up 62% vs last December, and Ford overall up 33%. Great news!!

http://media.ford.com/article_displa...ticle_id=31604

 

Nice!

 

wow! last years sales must have been horriblE!

 

So I guess its safe to say Mustang sales > Camaro sales in '09. I expect the gap to widen when the 3.7 and 5.0 hit

 

I'd agree with that. And of course once the mullet contingent get their fair share of the Camaro, sales will slip I'd bet.

 

Careful now, if they knew what contingent meant they wouild be offended

Nice to see the sales though, 45+ years can't wait for the 50th!

 

Although it sounds great, I think the 2010 sales being 62% higher has more to do with 2009 sales being terrible due to people waiting for the refresh than the 2010 really sales being that great.

 

Maybe this news explains today's HUGE spike in value of Ford stocks. I watch the values on a daily basis, and after yesterday morning's open at right at $10/share, today saw a spike up to $11.24!

 

Sure glad I bought a bunch of Ford stock last year when it was less than $2/share!

 

6,327 more in 09 i love it

 

I knew I should have. I wanted to buy it so bad when it was at $1.71 I think in October of '08. Could have turned $10k into $70k.

 

That would have paid for your Raptor....

Sorry Gary I had to mention it!

Don't worry I waited until it got to 8.58 to buy it instead of at 2.22 when I wanted to

 

Ford stock is still greatly undervalued. Company is really worth about $20-$25 per share, IMO. It's $11 per share now, so there's still a chance to double your money in the next couple years.

 

Maybe when it settles it's debt. Please remember that Ford not taking bailout money wasn't because Ford has its **** together, it is because Ford mortgaged the entire companies assets in 2006. Ford has BILLIONS upon BILLIONS of loans coming due.

 

I think the key here is the 2010's need to get sold before the 2011's show up as they are such a massive improvement. Unless heavily discounted the 2010's are going nowhere and it will only get worse as the 2011 gets closer to being on the lot.

 

LOL. Mulally did that to invest in 'Way Forward' and bring us where we are now. (And the meltdown was unpexpected by everyone incl the Fed back in 06 when the financial restructuring was undertaken.) Considering the state of some of the competition today, Ford is now positioned to leverage that restructuring. And with pressure by the Fed for Banks to increase lending, rolling over short-medium term debt will be easier in the near term than the last 24 months - especially with Ford's positive results. The loans secured by real estate assets and perhaps some factory equipment assets are no doubt long term debt.
You make it sound like he had to hock the joint to make payroll.

 

Ford recently cashed in some of that debt EARLY. Things are looking much better and Ford is profitable earlier than expected. Again, the actual value of the company is really in the $20-$25 per share range when you inspect assets vs liabilities, as well as current business operations.

 

I imagine the pending sale of Volvo will help it further. I suspect Ford's overall size is more in line with its market share. That said, it's nice to see the Mustang sales improve. The 2010 is a fantastic car!