Ford has announced that it has seen growth in it’s market share in the US. The US manufacturer is the only major manufacturer who has not filed for bankruptcy in the US, they announced that they have sold 155,954 vehicles in the last month. The current figures show a 24% decrease in sales from the same month last year, however, the figures show a 20% rise in sales from last month.

The increase in sales that Ford have seen could be down to the other car manufacturers such as Chrysler and General Motors who have both recently files for bankruptcy.

GM released their current sales figures the day after they filed for bankruptcy. They said that they have sold 191,875 vehicles in May which is a 30% decrease from the same month last year, but an 11% rise on last months sales. The worst performance in sales come from Hummer, Saab, Saturn and Pontiac, all of which GM are planning on selling on.

As for Chrysler, they filed for bankruptcy on April 30th and announced that they saw 79,010 sales from May which is a 47% decrease in US sales from the same month in 2008. They explained that a large number of their monthly sales came from 789 dealers that have cut Chrysler prices because they plan to stop selling their cars next week.

Ford is currently in the process of changing their production strategy to try and take advantage of the bankruptcy situation. They plan on increasing their production by an extra 10,000 vehicles in the current quarter, plus an extra 42,000 vehicles in the next quarter.

All car manufacturers are seeing a decrease in sales due to the current credit crunch, but the drop in sales is not just down to public sales. Corporate sales have also been on the decrease, companies that offer Ford leasing aswell as a number of other makes such as Peugeot leasing are buying less cars because they are being hit by the credit crunch. A big problem is down to the public, when they plan to buy a car, they rarely consider the leasing options, which generally work out cheaper than buying your own car.

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