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Ford Motor Co. saw an increase in domestic sales this July over last, a Ford official told CNN Radio on Sunday. It was the first monthly sales gain claimed by a major automaker since the financial crisis began last year.
Ford Motor Co. saw an increase in domestic sales this July over last, a company official said. Ford will release its official U.S. sales figures on Monday. While details were not immediately available, Ken Czubay, the automaker's U.S. sales and marketing chief, said retail and vehicle sales increased over July of last year. And the government's new "cash for clunkers" program, which encourages consumers to trade in less fuel-efficient vehicles for new vehicles that get better fuel economy, may have given Ford the boost it needed.
"We've been looking at our forecasting model, and we thought that as a result of President Obama's stimulus actions and basically the consumer getting his feet on the ground a little bit more, that in the fall of this year we'd start to see an increase in business," Czubay said. source: cnn.com