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Ford's Turnaround Continues With Another Impressive Month

Ford saw a 13% increase in U.S. auto sales in October 2015 compared to October 2014, which was near the top when compared to other large auto manufacturers.

The Ford Mustang saw the strongest October since 2006, as it looks to reclaim the best-selling muscle car title from the Camaro in 2015.

As the U.S. economy stays strong, Ford is in an ideal position to take advantage of the booming U.S. automotive market.

Ford (NYSE:F) announced October 2015 U.S. vehicle sales of 214K, up 13% from the same month in 2014. This 13% increase came in slightly below expectations from analysts who were expecting an increase of 14%. Despite missing expectations, Ford posted the best October in over a decade on several different fronts. The double-digit increase in sales was largely due to the impressive performance of Ford-brand car sales (up 17%), Ford-brand SUV sales (up 12%), and F-Series sales (up 3%) year over year. Ford's 13% growth came in above many competitors, including Nissan (OTCPK:NSANY), up 12.5%, Honda (NYSE:HMC), up 8.6%, Volkswagen, up 0.2%, and BMW, down 6.6%; however, Ford sales lagged behind Subaru, up 20%, and GM (NYSE:GM), up 15.9%, and kept pace with Toyota (NYSE:TM), also up 13%.

These positive results for Ford come amidst an auto market that reached an annualized rate of 18.2 million units in October, which is likely to lead the industry to the highest sales levels in 15 years, if the momentum continues through the end of 2015. Ford's impressive results from October are part of the strong second half that I have been expecting as a result of the new aluminum-bodied F-150 pickup reaching optimal inventory levels. It has become clear that as the U.S. economy is strengthening, Ford is in a great position to take advantage of the...