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Ford Motor U.S. sales up 31.5% in June, EV sales up 76.6%Not to worry, we're lookin' good. Ford Motor Company (NYSE:F) reports U.S. sales up 31.5% to 152,262 vehicles in June vs. 4.5% decline in May. U.S. share in June expands to 12.9% as sales outperformed the industry. For the month, Truck sales jumped 26.4% Y/Y to 79,823 units, Cars sales +62.2% Y/Y to 4,651 units, Electrified vehicles sales +76.6% Y/Y to 4,353 units and SUVs +36.1% Y/Y to 67,788 units. Total retail sales+30.3%: Truck +24.6%, Electrified vehicles +54.6% and SUV +39.1%. F-Series sales were up 26.3% Y/Y, representing 37.9% of company’s overall sales mix – up from 32% in May. Lincoln SUV sales up 43.6% Y/Y, with gains coming from across the entire portfolio. The Ford Transit, increased its sales by 73.6% Y/Y. Q2 sales jumped 1.8% Y/Y, missing the analysts' expectation of +3.3% to +5.1%. U.S. sales of the new all-electric E-Transit now totals 3,008 through June of this year, more than 16 times the combined sales of all U.S. electric commercial vans. “Amid industry-wide supply constraints, Ford outperformed the industry driven by strong F-Series, Explorer and new Expedition and Navigator SUV sales. Combined, these vehicles represented just over 56 percent of our sales in June – up about 8 percentage points from May. F-150 Lightning was America’s best-selling electric truck in June in its first full month of sales, while our overall electric vehicle sales were up 77 percent over last year.” – Andrew Frick, vice president, Sales, Distribution & Trucks, Ford Blue. F-150 Lightning and Mustang Mach-E dealer stock is higher than last month, positioning both for a stronger July sales month. jmat |
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