Tesla and Ford Lead the Latest U.S. Automakers Surge

July 15, 2013

July 15, 2013—America’s oldest car company, Ford Motor Co., and its youngest, Tesla Motors, both reached 100-week highs yesterday, the latest in a long list of signs suggesting the U.S. auto industry is “hot,” according to Bloomberg News.

Ford closed at $16.84 per share on Wednesday, putting it on pace for its best year since 2007.

Tesla, an electric-vehicle maker, closed July 9 at a record $123.45 but has said results for the quarter that ended June 30 may not be as favorable, in part because of a drop in sales of California zero-emission credits.

The S&P 500 rates its Automobiles & Components Index, which includes GM, Ford and five parts-makers, as the best performer out of the 24 industries it covers.

Many attribute the market’s success to historically low interest rates and newly competitive compact and family cars, which have put new vehicle demand at its highest level since before the recession.

Sponsored Recommendations

How one auto shop was able to order 20% more parts

Learn how one auto shop talks about the benefit of using PartsTech in their shop.

Vehicle Inspection Checklist For Auto Shops

Vehicle inspections, whether digital or on paper, are crucial for auto shops, ensuring thorough assessments and fostering trust by transparently revealing a vehicle's condition...

6 Reasons Why A Digital Vehicle Inspection Is A Must-Have

In an era of growing technology and innovation, auto repair shops must keep pace with the latest advancements to meet customers preferences and remain competitive.

How Your Auto Shop Can Now Connect To 30 Tire Suppliers For Free

Yep! We have over 50 tire suppliers in our network. And PartsTech is the only platform where you can access more than 30 of those suppliers FREE OF CHARGE.