Ford’s (F) June US Auto Sales fell 19.1% from last year vs. the 17.8% consensus decline. Car sales only fell 1%, but truck sales plummeted. Total truck sales were down 27%. The profit-driving F-Series saw sales tank 33%.
Note: numbers adjusted to equalise selling days (27 last year vs. 24 this year).
Without adjustments, overall auto sales were down 28%, SUV sales declined 40% and trucks/vans sale declined 31%.
General Motors (GM), Ford (F): Market Braces For Horrific June Sales (GM, F, NSANY)
General Motors (GM): “A Health Care Benefits Firm That Also Sells Cars At a Loss” (GM, F)
Pitiful Ford (F) Cuts Sales Outlook Again: Truck Sales Falling Off A Cliff (F, GM)
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.