It’s been a great few months for Ford Motor Company (NYSE:F) investors, who witnessed Ford’s stock price rise as the market took notice of its value. After its run-up to near $16, things aren’t looking to slow down on the sales front, with Ford reporting its company sales for May were up 14% vs. last year — its best May since 2006.
With two months in the books for the second quarter, numbers are shaping up for a great story. I’ll give you the breakdown for May sales regarding the most important models and an outlook for what we can expect going forward. Here’s a hint: It’s good stuff.
Trucks continue to surge
The best news that any Ford Motor Company (NYSE:F) investor can hope for is strong sales from the F-Series, the most profitable model and segment in the U.S. market. Let’s take a look at the sales per month, not cumulative, for the F-Series year to date.
That red line represents the 50,000 sales mark, which Ford considers a great month for the F-Series — making the last few months phenomenal. As you can see, only the first month of the year failed to top that mark. Ford turned in a very solid first quarter and the second quarter sales for the F-Series are even stronger, giving investors reason for optimism. It’s possible we could see margins in North America climb slightly higher than the 11% reported last quarter.
Over the last 12 months, the F-Series has averaged just more than an impressive 58,000 units sold per month, yet has only topped 60,000 twice. With a 30.6% sales increase for the F-Series year over year, May numbers blew past 60,000 and topped 70,000 for the first time since March 2007.
Selling 71,604 trucks is even more impressive when you consider that General Motors Company (NYSE:GM) is about to release its highly anticipated 2014 redesigned Chevy Silverado. If you look at year-to-date numbers vs. last year, the F-Series is up a staggering 21.7%.
Ford Motor Company (NYSE:F) expects strong demand to continue because of increased construction, a continuing energy boom, and aging trucks. With Ford’s most important model locking in a fantastic month, here are some other important notables.