The worst month in auto-history left a number of car manufacturers, including Ford Motor Company (NYSE:F), asking whether this is the bottom of the slump.
Ford Motor Company (NYSE:F) Sees Auto Sales Blues
Though auto sales were down and still declining in August relative to August of last year, one analyst says the auto market has hit bottom.
Scott Painter, chief executive officer of TrueCar.com, an automotive-sales data-marketing company, says this was the worst August for the auto industry in 28 years, which signals the worst might already be behind for Ford Motor Company (NYSE:F) and its friends.
Ford Motor Company Stock Info
As of 9/1/2010 (Last trade – 4:01pm), the Ford Motor Company (NYSE:F) shares are sitting at 11.61.
Over the past three months there has been a -1.1% change in the Ford Motor Company (NYSE:F) stock price.
Last Price: 11.61
52 Week Low / High: 6.61 / 14.57
Market Cap: 39930000
Consensus Analyst Opinion: Hold
Zack’s Industry Rank: 1 out of 3
We will continue checking the Ford Motor Company (NYSE:F) stock level for developments over the next few weeks.
Ford Motor Company (NYSE:F)
Ford is one of the oldest vehicle manufacturers in the world and to this day continues to product some of the most iconic American cars, trucks, and SUVs.
