Ford (F) Reports Smaller June Sales Decline, Gains Market Share

Ford's (NYSE: F) June U.S sales fell 10.9% to 148,153, versus the street estimate of a 17% decline. The company said this is the month's lowest decline among major auto manufactures.

Ford's June market share rose 3 points versus a year ago.

At the end of June, Ford vehicle inventories totalled 343,000, or a 60 days' supply. This is 8,000 lower than at the end of May and down 214,000 from last year.

Ford plans to increase Q3 production by 25,000 vehicles to 485,000, up 16% versus a year ago.

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