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Ford Reports June Sales; Shares Volatile On Results

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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.

Posted-In: auto salesNews

 

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