Ford Motor (F) U.S. Light-Vehicle Sales Fell More-than-Expected in July

Ford Motor (NYSE: F) total truck sales, including pickups and vans, grew 5 percent in July versus a year ago with 87,104 sold. Overall company U.S. sales were down 3 percent, with 216,479 total vehicles sold.

*** NOTE: The Street was looking for a drop of 0.5 percent.

Fleet sales – sales to large companies, government customers and rental car companies – were up 6 percent, with 55,321 sold. Retail sales were down 6 percent, with 161,158 sold.

Van sales reached their best July sales since 1978, with 20,236 sold, driven largely by Transit with a 41 percent gain. F-Series pickups posted a 1 percent decline, with 65,657 sold.

“Trucks and vans continue to be market strengths for Ford,” said Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service. “Van customers rewarded us with another strong year-over-year gain, and F-Series had its best retail sales this year.”

Ford’s overall transaction pricing also grew $1,600 in July versus a year ago – more than double the industry average – driven by the continued higher mix shift to trucks and SUVs.

On the success of its newest products, Lincoln retail sales rose 2 percent in July. Lincoln MKZ sales were up 12 percent, while Lincoln MKX was up 5 percent.

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