Ford Motor (F) July Sales Slip 4%; Explorer Has Best Month Since 2006
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Down)Dividend Yield: 3%
Revenue Growth %: 0.0%
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Ford Motor Company’s (NYSE: F) U.S. retail sales increased 2 percent in July versus year-ago levels, driven by strong retail customer demand for fuel-efficient vehicles.
Fusion exceeded its best-ever July sales record last month, with 23,326 vehicles sold. Mustang sales increased 8 percent versus last year, with 7,371 vehicles sold, representing its third straight month of sales gains since 2013 models started arriving in dealerships.
Explorer sales totaled 11,313 vehicles in July – its best-ever July sales result since 2006.
Ford F-Series, America’s best-selling vehicle, reported its 12th straight month of sales increases, with 49,314 F-Series sold. EcoBoost-equipped F-150s made up 42 percent of retail sales in July.
Overall, Ford Motor Company sales were down 4 percent in July due to lower fleet sales. Fleet sales were down 16 percent. Retail sales were up 2 percent.
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Fusion exceeded its best-ever July sales record last month, with 23,326 vehicles sold. Mustang sales increased 8 percent versus last year, with 7,371 vehicles sold, representing its third straight month of sales gains since 2013 models started arriving in dealerships.
Explorer sales totaled 11,313 vehicles in July – its best-ever July sales result since 2006.
Ford F-Series, America’s best-selling vehicle, reported its 12th straight month of sales increases, with 49,314 F-Series sold. EcoBoost-equipped F-150s made up 42 percent of retail sales in July.
Overall, Ford Motor Company sales were down 4 percent in July due to lower fleet sales. Fleet sales were down 16 percent. Retail sales were up 2 percent.
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