By Michael Elkins
Ford Motor Company (NYSE:F) outperformed industry numbers in June, expanding its total U.S. share to 12.9%. Overall industry sales were down 11%, while Ford sales improved 31.5% over a year ago. These improvements come despite ongoing industry semiconductor chip and supply constraints.
“Amid industry-wide supply constraints, Ford outperformed the industry driven by strong F-Series, Explorer and new Expedition and Navigator (ELI:NVGR) SUV sales. Combined, these vehicles represented just over 56 percent of our sales in June – up about 8 percentage points from May. F-150 Lightning was America’s best-selling electric truck in June in its first full month of sales, while our overall electric vehicle sales were up 77 percent over last year.” - Andrew Frick, vice president, Sales, Distribution & Trucks, Ford Blue.
F-Series sales were up 26.3% over a year ago, outselling its second place competitor by about 40,000 trucks. Ford total pickup sales, including F-Series, Ranger, and Maverick were up 26.3% over a year ago. SUV sales totaled 60,894, which was up 35.3%. Sales of Ford electric vehicles jumped 76.6%.