More doom and gloom for Ford Motor Company as they reported February auto sales which are down 48% compared to a year ago. Ford Mustang sales were very close to historic lows again with just an increase of 46 cars from the previous month. For now January Mustang sales still have the crown of the lowest Mustangs sales in a month for Ford's 45-years of producing the Mustang.
Sales of Ford Mustangs for February of 2009 were 2,990 compared to 7,752 from February of 2008 showing a 61.4% decrease in sales from the previous year. Year to date Mustang sales are 5,934 compared to 14,297 for 2008, which is a 58.5% drop. Don't expect Mustang sales to pickup next month because the refreshed 2010 Mustang will not hit dealer lots till the end of March early April. The 2010 Mustang will also see competition from the new 2010 Camaro and Challenger model. I see Mustang sales picking up a bit in April and then so in March but nothing to get to excited about. It will be awhile before we can break out the party hats and champagne.
If you are curious what previous month sales were check out December 2008, November 2008 , October 2008 , September 2008 , August 2008 , July 2008 , June 2008 , May 2008 , April 2008 , March 2008 , February 2008 and January 2008 sales figures.
