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Ford Motor Company Reports March U.S. Sales

* Ford's O'Connor: "We're encouraged by our market share gain in 2003, and we intend to keep the momentum going." * Land Rover sets new March sales record; Volvo sales up 26 percent

DEARBORN, Mich., April 1 -- U.S. customers purchased or leased 302,463 cars and trucks from Ford, Mercury, Lincoln, Jaguar, Volvo, and Land Rover dealers in March, down 7.9 percent compared with a year ago.

In the first quarter, the company's sales were 813,214, down 2 percent compared with a year ago.

"We're encouraged by our market share gain in 2003," said Jim O'Connor, Ford Group Vice President, North America Marketing, Sales and Service. "In the first quarter, we achieved one of the largest share increases among all manufacturers and we intend to keep the momentum going. All along we have said our momentum would be product-led. We have great products in the showroom today and even better products on the way."

Ford brand sales in March were 254,765, down 6.6 percent compared with a year ago. Ford dealers reported higher sales for the Ford Focus (up 13 percent) and Ford Escape (up 12 percent). Sales for America's best-selling vehicle, the Ford F-Series truck, were 14 percent lower than a year ago and sales for the Windstar minivan were 25 percent lower than a year ago. Later this year, Ford will introduce the all-new F-150 truck and Freestar minivan. On a year-to-date basis, Ford sales were about equal to a year ago (down 1 percent).

Sales for Lincoln were 11 percent lower than a year ago, primarily reflecting lower sales for the LS sedan and discontinued Continental. The national advertising campaign for the redesigned mid-size LS sedan began on Friday, March 28. Lincoln dealers reported higher sales of sport utility vehicles (Aviator and Navigator).

Mercury sales were 28 percent lower than a year ago, primarily reflecting lower fleet deliveries for the Sable sedan and the discontinuation of the Cougar coupe and Villager minivan. Sales for the Grand Marquis were higher than a year ago. Later this year, Mercury will introduce the all-new Mercury Monterey minivan.

Volvo dealers reported near-record March sales of 12,225, up 26 percent compared with a year ago. Volvo's all-new sport utility vehicle, the XC90, achieved its best sales month so far (3,366). Volvo sales have increased five months in a row.

Land Rover dealers reported record March sales of 2,814, up 1.5 percent compared with a year ago. Sales for the all-new Range Rover more than doubled compared with a year ago.

Jaguar sales were 3,601, down 42 percent from last year's record sales reflecting lower sales for the X-TYPE. The all-new XJ sedan will debut at Jaguar dealers in June.

                 FORD MOTOR COMPANY MARCH 2003 U.S. SALES

                            March Month      %        March CYTD       %
                          2003     2002    Change   2003     2002    Change
  Sales By Brand
     Ford                254,765  272,858    -6.6  682,317  689,345    -1.0
     Mercury              15,992   22,162   -27.8   47,746   55,284   -13.6
     Lincoln              13,066   14,692   -11.1   33,761   33,922    -0.5
     Jaguar                3,601    6,169   -41.6   10,857   16,389   -33.8
     Volvo                12,225    9,732    25.6   30,168   25,953    16.2
     Land Rover            2,814    2,772     1.5    8,365    8,879    -5.8
        Total Ford Motor
         Company         302,463  328,385    -7.9  813,214  829,772    -2.0

  Memo: Cars and Trucks
     Cars                115,321  125,736    -8.3  299,028  304,466    -1.8
     Trucks              187,142  202,649    -7.7  514,186  525,306    -2.1
        Total Ford Motor
         Company         302,463  328,385    -7.9  813,214  829,772    -2.0

  Information Only (Not
   Included Above)
     TH!NK Neighbor           18      174      NA      978      174      NA

                     FORD BRAND MARCH 2003 U.S. SALES

                             March Month     %          March CYTD     %
                            2003     2002  Change     2003     2002  Change

  Crown Victoria           8,026    8,321    -3.5   19,685   21,349    -7.8
  Taurus                  33,156   32,171     3.1   86,574   74,083    16.9
  Focus                   24,522   21,681    13.1   59,843   51,448    16.3
  Thunderbird              1,731    1,773    -2.4    4,065    5,217   -22.1
  Mustang                 13,573   12,844     5.7   31,265   31,814    -1.7
  Escort                   2,736    6,147   -55.5    7,205   15,304   -52.9
    Total Ford Cars       83,744   82,937     1.0  208,637  199,215     4.7

  Escape                  13,129   11,752    11.7   36,058   29,964    20.3
  Explorer                29,991   32,663    -8.2   81,590   89,937    -9.3
  Expedition              13,032   13,370    -2.5   35,648   36,571    -2.5
  Excursion                1,595    3,039   -47.5    5,367    8,025   -33.1
  Econoline/Club Wagon    15,362   14,268     7.7   39,144   35,655     9.8
  Windstar                10,372   13,843   -25.1   35,244   35,673    -1.2
  Ranger                  19,480   21,364    -8.8   55,832   54,788     1.9
  F-Series                67,697   78,977   -14.3  183,544  197,770    -7.2
  Heavy Trucks               363      645   -43.7    1,253    1,747   -28.3
    Total Ford Trucks    171,021  189,921   -10.0  473,680  490,130    -3.4

    Total Ford Brand     254,765  272,858    -6.6  682,317  689,345    -1.0

             LINCOLN AND MERCURY BRAND MARCH 2003 U.S. SALES

                             March Month     %          March CYTD     %
                            2003     2002  Change     2003     2002  Change

  Grand Marquis            7,782    7,170     8.5   20,228   17,638    14.7
  Sable                    4,458    8,581   -48.0   15,708   19,912   -21.1
  Cougar                     498    1,353   -63.2    2,024    3,259   -37.9
    Total Mercury Cars    12,738   17,104   -25.5   37,960   40,809    -7.0

  Town Car                 5,331    5,911    -9.8   13,301   13,794    -3.6
  LS                       2,628    4,215   -37.7    7,950    9,374   -15.2
  Continental                  0    1,332  -100.0      280    3,484   -92.0
    Total Lincoln Cars     7,959   11,458   -30.5   21,531   26,652   -19.2

    Total Mercury
      and Lincoln Cars    20,697   28,562   -27.5   59,491   67,461   -11.8

  Mountaineer              3,254    3,586    -9.3    9,786   10,951   -10.6
  Villager                     0    1,472  -100.0        0    3,524  -100.0
    Total Mercury Trucks   3,254    5,058   -35.7    9,786   14,475   -32.4

  Navigator                2,862    3,064    -6.6    7,144    6,858     4.2
  Aviator                  2,245       NA      NA    4,933       NA      NA
  Blackwood                    0      170  -100.0      153      412   -62.9
    Total Lincoln Trucks   5,107    3,234    57.9   12,230    7,270    68.2

    Total Mercury
      and Lincoln Trucks   8,361    8,292     0.8   22,016   21,745     1.2

    Total Mercury
      and Lincoln
       Vehicles           29,058   36,854   -21.2   81,507   89,206    -8.6

  Total Lincoln Brand     13,066   14,692   -11.1   33,761   33,922    -0.5
  Total Mercury Brand     15,992   22,162   -27.8   47,746   55,284   -13.6

                    JAGUAR BRAND MARCH 2003 U.S. SALES

                             March Month     %          March CYTD     %
                            2003     2002  Change     2003     2002  Change
  XJ                         342      791   -56.8    1,069    1,842   -42.0
  S-TYPE                   1,089    1,191    -8.6    3,475    3,570    -2.7
  X-TYPE                   1,965    3,780   -48.0    5,640   10,126   -44.3
  XK                         205      407   -49.6      673      851   -20.9
    Total Jaguar           3,601    6,169   -41.6   10,857   16,389   -33.8

                    VOLVO BRAND MARCH 2003 U.S. SALES

                             March Month     %          March CYTD     %
                            2003     2002  Change     2003     2002  Change
  S40                      1,394    1,248    11.7    3,804    3,294    15.5
  V40                        351      225    56.0      857      626    36.9
  S60                      2,747    3,771   -27.2    8,403    9,820   -14.4
  S70                          0        0      NA        0        0      NA
  V70                      1,117      952    17.3    2,703    2,795    -3.3
  V70 XC                   1,580    1,664    -5.0    4,032    4,552   -11.4
  C70                        358      370    -3.2      876      805     8.8
  XC90                     3,366       NA      NA    6,093       NA      NA
  S80                      1,312    1,502   -12.6    3,400    4,061   -16.3
    Total Volvo           12,225    9,732    25.6   30,168   25,953    16.2

                  LAND ROVER BRAND MARCH 2003 U.S. SALES

                             March Month     %          March CYTD     %
                            2003     2002  Change     2003     2002  Change
  Range Rover                709      350   102.6    2,133    1,686    26.5
  Discovery                1,383    1,263     9.5    3,845    3,888    -1.1
  Freelander                 722    1,159   -37.7    2,387    3,305   -27.8
    Total Land Rover       2,814    2,772     1.5    8,365    8,879    -5.8