Ford ( F ) Auto Sales Up 2.3% - July 2009 - Cash for Clunkers

August 3, 2009 - The verdict is in, and it is very good! Ford Motor Company ( F ) just released sales for July 2009 and they were up 2.3%. This is the first month to month increase in two years.

Is this just a sugar high from the Cash for Clunkers program or can this be sustainable? Only time will tell as we head into the fall.

There is no doubt this program was very successful. Finally we are getting something right with putting money in the hands of the consumer rather then bailing out Wall Street Banks.

Check out my Ford ( F ) stock technical analysis.

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