Are Ford Motor Company (F) and General Motors Company (GM) Worthy Investments?

The statement above, as good as it is, wouldn’t mean anything if vehicles weren’t selling at an increasing rate or if Detroit’s Big Three automakers were losing market share. Fortunately, for savvy investors who bought in months ago, both of those factors favor Detroit.

For the first time in nearly two decades all three domestic automakers gained market share in the U.S. during the first quarter. Not only that, but we’re seeing a strong rebound in overall vehicle sales as pent-up demand continues to drive revenue growth in the U.S. Here’s a look at the SAAR numbers recently, with June’s estimated amount added in:

Information from Automotive News Data Center.

As our economy gradually improves it will continue to drive growth for Ford, General Motors Company (NYSE:GM), and Chrysler. If you’re like many investors out there who can’t move past the old stereotypes of Detroit’s Big Three – which can be difficult – then you could be missing out on great gains because these automakers still have much room to run.

Fool contributor Daniel Miller owns shares of Ford and General Motors. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford.

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