Ford recently released their 2nd Quarter earnings statement for 2011, and while the company’s overall income is down from $2.6 Billion at this time last year, the company was ready for it. With costs of materials and overhead – including auto shipping for their new cars – going up, Ford knew that they wouldn’t post numbers as big as this time last year, but they did better than they were originally hoping for. Auto shipping companies have noticed a lot of smaller Ford cars are being shipped as opposed to their trucks, which are usually big shippers, but those auto shipping companies have also said that pickup and SUV shipments have gone down.
According to the Detroit Free Press, the prices of small compact cars are expected to drop in the United States and other major North American markets by September. The biggest reason for the drop in prices is the fact that sales during the summer have lagged behind other months, giving automotive manufacturers a surplus in smaller cars. Not only that, but manufacturers are offering higher rebates and more incentives to buy their vehicles, which also help to lower prices. The auto shipping industry has also seen a small decrease in who is actually asking for auto shipping for smaller vehicles. It seems that less people are buying smaller cars despite the fact that prices are going to continue to drop.
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