Rochester,NY 8/4/2009 2:14:23 AM
Ford Motor Co.,F-Ford Sales boosts-thanks to 'clunkers'
Ford Motor Co
Ford Motor's sales growth performed well than its competitors from the U.S. and Japan in July, growing 2.3 percent to give its first year-over-year monthly sales rise since November 2007, thank to the U.S. government "Cash for Clunkers" program..
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The "Cash for Clunkers" program is effect from July 24.
Retail sales for the core Ford, Lincoln and Mercury brands increased 9 percent from a year earlier, Ford said.
The increase is Ford's first year-over-year monthly rise since just before the U.S. economic downturn began. U.S. auto industry sales have been recording at their lowest annualized rates in nearly 30 years so far in 2009.
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