Ford Motor Company has had plenty of good fortune this year, having sold 88,000 more units through the first nine months of 2015 than over the same period last year in the US alone.
Of course, Ford’s domestic performance isn’t necessarily representative of how the automaker is doing globally. Ford Motor Company hasn’t been immune to troubles in Russia or South America, and the Chinese market continues to cool. But according to Automotive News, these foreign issues are mostly overshadowed by the automaker’s successes, and plenty of analysts are looking forward to a surge of profits in the near future.
Ford Motor Company CEO Mark Fields called 2015 a “breakthrough year” for the automaker, thanks in part to the launches of the new Mustang and F-150 full-size pickup. Although the latter did experience some supply shortage due to a lack of frames, that problem has been all but rectified, and the F-150 continues to be a high-profit vehicle for the automaker.
All things considered, reports Automotive News, some analysts are anticipating as much as $6.7 billion in profits from Ford Motor Company this year, and $7.7 billion next year. That’s compared to just $4.6 billion in 2014. The automaker has stated that it’s on-track to surpass last year’s operating margins of 3.9 percent globally, and 8.4 percent in North America.
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