Ford set to post year-on-year increase in US sales in July; first rise in 2 years!

Ford Motor

Thanks to the government's "Cash for Clunkers" program, the Dearborn, Michigan-based Ford Motor Co. is all set to post its first monthly increase in US sales, in the last two-year period.

According to Ford Motor's top sales analyst, George Pipas the automaker's July sales would mark the first year-on-year rise in sales since November 2007, which would also likely be the first sales surge by any of the 'big six' automakers since August last year.

However, the senior executives of Ford are refraining from revealing the exact July sales figures till the time no formal announcement id made to the same. The same month sales last year - which were 15 percent less than the sales a year before that - stood at 161,071 vehicles.

Referring to the much-required turnaround towards a rise in sales noticed in the month of July, Ford US sales head Ken Czubay said: "The result is important to Ford, but it is also a very good indication for the economy. It was a deep hole that the entire economy was in. We may not be out of the hole, but we are seeing very encouraging signs in July."

Czubay said that while the beginning of July already appeared to be "firming up" for Ford Motor, the "Cash for Clunkers" program resulted in bringing about "substantial increase" in the company's sales figures.