Ford July Total U.S. Sales Up 36.6%

Ford Motor Co. (F) said Wednesday that total U.S. sales for the month of July 2022 increased 36.6 percent to 163,942 vehicles from 120,053 vehicles in the same month last year. Ford's July retail sales were also up 52.3 percent.

Ford became the only major automaker to produce sales gains for the second month in a row, while industry sales were down 10.5 percent.

Ford total market share was up 4.8 percentage point to 13.9 percent from last year, with gains coming from higher EV sales and share, F-Series and high-end large SUVs.

Ford electric vehicle sales up 168.7 percent, with Mustang Mach-E sales up 74.1 percent and F-150 Lightning delivering its best-month. Sales of Ford Hybrid vehicles continues to climb, increasing 35.3 percent in July.

Ford brand vehicle sales in July increased 35.5 percent to 156,974 units and Lincoln brand vehicle sales also surged 64.5 percent to 6,968 units from last year.

Car sales for the month declined 22.7 percent to 3,373 units, while SUV sales surged 69.7 percent to 73,234 units and Truck sales were up 20.3 percent to 87,335 units from last year.

Combined Bronco SUV family sales, including Bronco Sport, were up 227 percent to 18,228 vehicles over last year.

Lincoln's best-selling SUV, the Corsair, provided over a 3-fold increase in its sales over last year.

Overall F-Series sales continued to expand, hitting the 60,000-truck threshold for the first time this year, with 63,341 trucks sold, up 21.1 percent over last year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Drug major Pfizer Inc. reported Tuesday higher earnings in its fourth quarter, above market estimates, and an all-time high revenues in its fiscal 2022. Meanwhile, the company projects sharply lower adjusted earnings and revenues in its fiscal 2023, below Wall Street estimates, reflecting projected decline for COVID-19 products. In pre-market activity on the NYSE, Pfizer shares were losing around Oil major Exxon Mobil Corp. (XOM) reported Tuesday that fourth-quarter net income was $12.75 billion or $3.09 per share, up from $8.87 million or $2.08 per share in the prior-year quarter. Excluding special items, adjusted earnings were $3.40 per share, compared to $2.05 per share in the prior-year... La Mirada, California-based Daiso California LLC is recalling certain Matsunaga Mini Shiruko Sand Biscuits citing undeclared soy, an allergen, the U.S. Food and Drug Administration said. The recall incolves Matsunaga Mini Shiruko Sand Biscuits with sku 4902773016966, packaged in four pink and cream bags chained together. Each individual serving is 25g for an entire product weight of 100g.
Follow RTT