Ford Motor Company sales have shown an upward trend, though in recent periods, North American sales have been slower than expected. Analysts largely give it a hold or buy.
SalesForekast™ found that Ford sales correlate well with Service employment, GDP, and Non-residential, infrastructure investment. Since economic factors are generally expected to improve, the forecast is above the best fit line.
The Highly Correlated Macroeconomic Indicators were:
- E-Commerce Retail Sales
- Real Gross Domestic Product
- Service Level Employment
- Commercial Expenditures
Note: SalesForekast™ can similarly graph market capitalization projections with the same macroeconomic indicator analysis. You can also do the same for competitors GM and Chrysler – where the share price of all three appears to follow a similar trend. Sign up at app.salesforekast.com/account/register for a 14-Day Free Trial for further access to these reports.