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Ford Outperforms in June on Strong F-Series and SUV Numbers

Stock Markets Jul 05, 2022 09:54AM ET
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© Reuters. Ford (F) Outperforms in June on Strong F-Series and SUV Numbers
 
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By Michael Elkins

Ford Motor Company (NYSE:F) outperformed industry numbers in June, expanding its total U.S. share to 12.9%. Overall industry sales were down 11%, while Ford sales improved 31.5% over a year ago. These improvements come despite ongoing industry semiconductor chip and supply constraints.

“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-Series sales were up 26.3% over a year ago, outselling its second place competitor by about 40,000 trucks. Ford total pickup sales, including F-Series, Ranger, and Maverick were up 26.3% over a year ago. SUV sales totaled 60,894, which was up 35.3%. Sales of Ford electric vehicles jumped 76.6%.

Ford Outperforms in June on Strong F-Series and SUV Numbers
 

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Comments (2)
john smith
john smith Jul 05, 2022 2:32PM ET
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Fords are complete garbage. every single Ford I have owned has been a nightmare to work on and get parts for.the new F150: Independent rear suspension on a pick up truck, what could go wrong? stay far far away
Lucas P
Lucas P Jul 05, 2022 12:53PM ET
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This despite the $5 to $7k dealer markup on the entire Ford line. At least here in CA. I'd have an F-150 Lighting or a Mach E, but not under theses market conditions.
 
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