You all know that I own a considerable amount of Ford stock. I know…Laugh all you want!!! I’m gonna laugh too…all the way to the bank in 2010!!!
Ford just announced today that they were increasing production of the Focus by 30% to meet unprecidented demand.
A few other interesting side notes…
The resigned Ford Escape/Mariner is BEATING the new Honda CRV in sales.
(This summer the Escape/Mariner will get the NEW V-6 and the new 6 speed transmission, FURTHER increasing already decent gas mileage)
The Edge and MKX are blowing past all initial sales estimates. (Ford originally forecasted 10,000 units/month…They’re selling…16,000!!!)
JD Power just released new quality rankings…Ford is now TIED with HONDA & TOYOTA!!
This summer Ford releases the new FLEX (http://uncrate.com/men/images/2007/04/ford-flex.jpg), a 7 passenger Crossover, with a 6 cylinder, and 6 speed automatic. The Edge/MKX with the same motor and Tranny get over 25 MPG hi-way. Ford already has more advance orders than it estimated. (Nice alterative to the 15mpg SUV’s out there, it’s also available with the Volvo derived ALL WHEEL DRIVE system)
Also this summer, Lincoln will release a redesigned MKS which looks GREAT!!
What you need to understand is this…NO ONE…NO ONE…is expecting Ford to do ANYTHING…Are these new models my DREAM CARS??? NO, they aren’t…They don’t have to be…All they need to
be is…BETTER THAN WHAT THEY REPLACE!!! If that happens, Fords sales increase and WALL STREET WILL TAKE NOTICE.
Ford continues to close their excess dealers, they WILL be a smaller, BUT PROFITABLE company in the next few years.
Once Wall St. FINALLY catches on, this stock which now trades at $6.80/share, should be a mind blower as far as appreciation goes.
I’ve been in the car business for over 15 years, this is NOTHING new. It happens in EVERY recession.
BUY IT, or wish you had.