Automotive Stocks to Watch: (NYSE:F), (NYSE:GM)
Ford Reports August Retail Sales Surge to Highest Levels Since 2006
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New York, NY, Point Roberts, WA - September 4, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports automotive stocks.
Ford Motor Co. (NYSE: F) is trading up at $16.96, gaining 0.62(3.79%) 1:33PM EDT on over 46 Million shares. Ford reported August U.S. retail sales grew 20 percent - with total sales up 12 percent - for the best monthly retail performance since 2006.
With inventories remaining tight in several key segments, retail sales gains were broad-based. Car sales were up 15 percent, utilities up 16 percent and trucks up 30 percent. Ford continued to see strong growth in the coastal regions.
General Motors Company (NYSE:GM) is trading at $35.80, gaining 1.66 or 4.86% as of 1:39PM EDT on over 13 Million shares.
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