Do you want to buy a new car today? You may do the worst for failing to consider Ford. Ford company has transformed to be a focused, disciplined and car leaders in the global market. Here are six reasons why people like Ford cars so much.
Ford is Cheap
Historically, industries have traded up to 10 times the earnings. That sounds reasonable at a time when the economy is an upswing. In 2011, Ford was trading at about 7.7 times earnings despite the challenges they had at that period. So, there is still hope for a modest dividend in the future. If you’re not certain about the price, kindly do so by checking Ford pricing in their website.
The Economy’s Improving in Ford-Friendly Ways
Automakers are more of cyclic stocks, and in most cases, they do follow any economy’s swings. While there are still several things to be done, things seem to be changing on the economic front. Around 2010, unemployment claims fell unexpectedly. This report saw Ford’s stock surge more than four percent. Ford company has worked hard to earn a better reputation in the industry and has left it well positioned over the years.
Ford’s Expanding in Emerging Markets
Ford is very popular in Russia. Ford company focuses on some plant near St. Petersburg, even though Russia’s auto market hasn’t grown yet. But this doesn’t stop Ford from investing there. So, it means, Ford is already well established in Russia.
Ford’s a Green Leader
Tons of people have always known that Toyota is the king, but Ford isn’t far behind. Ford’s hybrid version of Fusion sedan and the plug-in version that was launched some years back has added some reputation to Ford company.
Ford’s Outpacing General Motors
General Motors was once the world’s best selling automaker, but not anymore. Things are changing and so fast. Though, in the United States, it’s still kind of a hit or miss; trial and error. The company went bankrupt which caused them some disarray.
General Motors is back on track, and they are now doing better, but Ford has moved a little further. This doesn’t mean that General Motors is no threat. They are still a major threat, and if by any chance Ford experiences any poor rapport with their customers, there’s a possibility people could turn back to General Motors.
A Deep Executive Bench
Ford’s ace CFO, Lewis Boot, the guy who managed Ford’s financial statements like the balance sheet and brought better strategies that made Ford be the King, retired some years ago, but that hasn’t affected them, thanks to the new management.
That seemed bad, but the reality is that Ford had been preparing for such. So, they knew that at some point, one of their valued employees had to retire. They had better people in line who could take the company forward like Bob Shanks and VP of Engineering Raj Nair.
There are plenty of other reasons to consider buying Ford. There are still tons of reasons why you should consider purchasing Ford. One of the convincing reasons is that the company has managed to slash off most of its debts and that means that they have cash at hand.