Update on Ford Motor (F) U.S. June Sales Figures

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July 1, 2009 12:27 PM EDT

Ford Motor Company (NYSE: F) increase market share in June, even as Ford continued to de-escalate incentive spending. Ford, Lincoln and Mercury sales totaled 148,153, down 11% versus a year ago, which is believed to be the month's lowest decline among major auto manufacturers.

Sales of the Ford Fusion were 18,561, a June sales record and up 26% versus a year ago. Ford Flex sales were 4,784, a record for any month since it hit dealerships in June 2008. Sales of the company's hybrid vehicles totaled 3,649, a June sales record and up 91% versus a year ago.

Ford Mustang sales to retail customers nearly matched year-ago levels. The new 2010 Mustang, which debuted in May, achieved a 52% conquest rate in June - one of the highest for any Ford product.

Retail sales for the Ford Escape and Mercury Mariner small utility vehicles were equal to a year ago.

Retail sales for the Ford F-Series and Ranger pickup trucks were higher than a year ago.

Although Lincoln sales were lower than a year ago, Lincoln gained market share in the luxury segment in the first half of 2009 versus a year ago.

Ford, Lincoln and Mercury sales totaled 148,153, down 11% versus a year ago

June market share up 3 points versus year ago; second-quarter and first-half market share also higher:

At the end of June, Ford vehicle inventories totaled 343,000 (equivalent to 60 days' supply). This level was 8,000 vehicles lower than at the end of May and 214,000 vehicles lower than a year ago.

Given tightly controlled inventories and higher-than-expected demand for its products, Ford announced plans to increase third-quarter production by 25,000 vehicles to 485,000, up 67,000 vehicles (16 percent) versus a year ago.

Higher-than-expected customer demand prompts Ford to announce production increase

Ford helps dealers and customers get ready for "Cash for Clunkers" program; "Let Ford Recycle Your Ride" at www.ford.com shows customers which vehicles qualify[SM]