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Investing

Ford Sells 2 Million Cars in 2011 to U.S. Buyers (F, GM, TM, HMC)

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By Paul Ausick Updated Published

US automaker Ford Motor Co. (NYSE: F) will sell more than 2 million vehicles in the US in 2011, the first time since 2007 that any car maker has sold that many units. Ford still trails General Motors Co. (NYSE: GM) in US market share, with about 17% of the market to GM’s 20%. The latest estimate for total 2011 new car sales in the US is 13 million units.

Reuters reports that for the year through November, Ford sold 1.86 million units, GM sold 1.61 million, Toyota Motor Co. (NYSE: TM) sold 1.29 million, and Honda Motor Corp. (NYSE: HMC) sold 930,000.

Auto sales have been making a slow comeback in the US since hitting an annual rate of 16 million units in 2008 before collapsing to 10.4 million units in 2009.

Contact [email protected] for any questions or corrections.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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