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Ford reports increase in sales for the second quarter
By Shubhangi Mathur - Jul 05, 2022, 07:18 PM ET
Last Updated - Mar 11, 2024, 01:47 PM EDT
The automaker’s sales rose 1.8% to 483,688 new vehicles in the second quarter
• The automaker’s sales rose 1.8% to 483,688 new vehicles in the second quarter
Ford Motor Co (NYSE: F) on Tuesday reported increase in vehicles sales for the second quarter driven by strong sales of some vehicles.
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The automaker’s sales rose 1.8% to 483,688 new vehicles in the second quarter and were 31.5% up in the month of June.
Ford, though, missed analysts’ expectations of increase in sales between 3.3% and 5.1%.
“Amid industry-wide supply constraints, Ford outperformed the industry driven by strong F-Series, Explorer and new Expedition and Navigator SUV sales,” Andrew Frick, Ford’s vice president of sales, distribution and trucks, said in a release.
Ford’s sales of F-Series pickups was 57,673 units in June – their highest monthly total of 2022.
The automaker also said it sold 2,296 of the electric F-150 Lightning since it went on sale in late May, including 1,837 in June.
Picture Credits: CNBC
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