Will Overseas Sales Help Ford Motor Company (NYSE:F)?

Posted by George Brook October 2, 2013 0 Comment 1195 views

Emerging markets like India and China are proving to be a boon for those in the technology and automobile business. The very fact that their population is so massive, make the markets a lucrative proposition. Another fact is that though India is considered to be a third world country, a large segment of the population is affluent. Given the size of the population, even that percentage amounts to a large chunk and makes the market ripe for the picking. And Ford Motor Company (NYSE:F) is one company that has found this to be true.

Vast potential

It has leveraged the potential of this vast market to its advantage and is doing booming business in India. There was a 50.95% rise in total Ford Motor Company (NYSE:F) India, in September and 14,217 units were sold in the last month. EcoSport, one of the latest models is a hot seller despite the fact that it was launched in September and it has already sold 9,418 units. The domestic sales were boosted by 36.51% and the company exported 3,577 units in the month of August.

In the same period a year ago it had exported only 1,624 units. Ford Motor Company (NYSE:F) is leaving no stone unturned when it comes to optimizing the deliveries of vehicles and reducing the waiting time for customers.

Tuesday’s trading

In Tuesday’s trading, Ford Motor Company (NYSE:F) rose by 1.90%. The shares opened at a price of $16.93, climbed to an intraday high of $17.34 and dipped to a close of $17.19. Approximately 41.81 million shares were traded on Tuesday while an average volume of 36.97 million shares were traded over a 30 day period. The 52-week low of the company’s shares is $9.71 and its 52-week high is $17.77. Ford Motor Company (NYSE:F) has a market capitalization of $68.94 billion.

About George Brook

George Brook covers money and politics for GDP Insider. George is a veteran journalist who has also covered Congress, national political conventions and presidential politics. George also covers the White House as well as economic and domestic policy for GDP insider. George's reporting has won numerous awards, including two Scripps Howard awards, two National Headliners, two Gerald Loeb Awards, as well as honors from Sigma Delta Chi and the National Press Club.

View all post by George Brook Visit author's website

Write Your Comment