Ford (F) shares are gaining this afternoon, rising 32 cents, or 3%, to $11.44, after the company this afternoon reported its U.S. sales were up 24%, year over year, in January, at 112,406 vehicles sold in the month, which is about a third higher than the Street expected.
Sales of Cars rose 43%, so-called “crossovers,” 20%, SUVs, 8%, and truck and van sales rose 14%, the company said. Ford said its US market share in the month was 16%, up two percentage points.
Ford’s results may look even better once Toyota Motor (TM) sales come out later today, as they’re expected to reflect the impact of recalls begun last month.
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