Ford US Sales Up in 2013; US Platinum Bar Up 3.2% for the Week

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2013 was a good year for Ford. The company’s “U.S. sales jumped 11 percent in 2013 to nearly 2.5 million — a six-year high — as a stronger economy boosted pickup truck sales,” reports ABC News.

“The Dearborn, MIch., company sold 763,402 F-Series pickups last year, up 18 percent over 2012. One in every three vehicles Ford sold in the U.S. was an F-Series.”

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“Ford also said it saw record annual sales for the Fusion sedan, Escape SUV and Fiesta subcompact.”

“Sales of Ford’s Lincoln luxury brand were flat for the year. Sales of the new MKZ sedan, which went on sale last spring, were up 15 percent, but most other Lincoln vehicles lost sales.”

“In December, which is often a strong month for luxury sales, MKZ sales jumped 73 percent. Ford’s U.S. sales were up 2 percent for the month.”

In metal price news for the automotive sector…

The week’s biggest mover on the weekly Automotive MMI® was the price of US platinum bar, which saw a 3.2 percent increase. This comes on the heels of a 1.3 percent decline the week prior. Following a 1.6 percent increase, US palladium bar finished the week.

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Finishing the fourth week of rising prices, the price of US HDG increased by 0.8 percent.

The cash price of primary copper increased 1.6 percent on the LME this week, closing out the fourth consecutive week of rising prices at $7,394 per metric ton. The copper 3-month price rose 1.4 percent on the LME over the past week to $7,370 per metric ton. This was the fourth week in a row of increasing prices. The week finished with no movement for Korean 5052 coil premium over 1050 sheet. The price of Chinese lead stayed essentially flat.

The Automotive MMI® collects and weights 7 metal price points used in automotive production to provide a unique view into automotive metal trends. For more information on the Automotive MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.