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Shares of Ford (NYSE: F) are volatile during Tuesday’s session as investors try to interpret the automaker’s June sales results.
Sales are down 5.8 percent versus the same period last year, however this is better than the analyst estimate, which called for a 6.6 percent decline. Lincoln sales dropped 2.7 percent while Ford brand sales showed a 5.9 percent decline.
Related: General Motors Reports June Sales; Customers Appear Unphased By Recalls
Despite the widespread decline in sales, Ford’s Fusion saw the best June since its launch in 2005. Sales rose 13.5 percent since the same period last year. Other notable vehicles are the Fiesta and Mustang, whose sales dropped by 31.1 percent and 17.4 percent, respectively.
This announcement comes as a stark contrast to General Motors (NYSE: GM) who showed a one percent increase in sales, despite an onslaught of recalls.
Shares of Ford were last trading up 0.12 percent at $17.26.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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