Total auto sales from March were compared to auto sales from March last year to get these increase/decrease percentages.
To give some perspective, the amount of people not paying their subprime loans is reaching the lowest in 7 years.
Ford only sold 236,250 cars; this is a 7 percent decrease in sales compared to the prior month.
There is also another problem that Ford is currently facing, subprime auto loans.
Subprime auto loaning is very common now; most people, if they wanted to, could get a car now with a low credit score.
How to Trade Ford Motor Company (F) Stock Before Earnings
But with enough support both off and on the Ford stock price chart and with earnings on the horizon, it’s time to take a bullish test drive in Ford options.
The point is, it’s not the end of the road for Ford stock or that matter.
As I personally wrote back in early March, the road ahead does look strong for Ford stock.
Believe it or not, it’s not time to back up the truck in Ford Motor Company (NYSE:F).
Ford Stock Weekly Chart Click to Enlarge Looking at the weekly chart, I’m reminded of some moderate optimism on my part, anticipating shares were bottoming back in early March.
according to In other Ford Motor Company news, insider Bennie W. Fowler sold 92,528 shares of Ford Motor Company stock in a transaction on Thursday, March 2nd.
Receive News & Ratings for Ford Motor Company Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ford Motor Company and related companies with MarketBeat.com’s FREE daily email newsletter.
About Ford Motor CompanyFord Motor Company is a global automotive and mobility company.
Reliance Trust Co. of Delaware’s holdings in Ford Motor Company were worth $275,000 as of its most recent filing with the SEC.
COPYRIGHT VIOLATION WARNING: “Reliance Trust Co. of Delaware Sells 2,428 Shares of Ford Motor Company (F)” was first posted by Transcript Daily and is the property of of Transcript Daily.