Ford U.S. sales jump in June to buck industry declines, but stock falls toward 17-month low

Shares of Ford Motor Co. /zigman2/quotes/208911460/composite F -1.19% dropped 4.6% toward a 17-month low in morning trading Tuesday, even after the automaker reported a year-over-year jump in U.S. vehicles sales for June despite ongoing industry semiconductor and supply constraints. The company said total sales rose 31.5% to 152,262 vehicles, bucking the 11% decline in overall industry sales, as Ford's U.S. market share improved to 12.9%. Ford said truck sales for the month increased 26.4% to 79,823 vehicles, sport-utility vehicle (SUV) sales climbed 36.1% to 67,788 vehicles and electric vehicle (EV) sales hiked up 76.6% to 4,353 EVs. Ford's stock has tumbled 48.0% year to date, while rival General Motors Co. shares /zigman2/quotes/205226835/composite GM -2.42% have slumped 47.5% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.47% has lost 21.2%.

/zigman2/quotes/208911460/composite

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Ford Motor Co.

US : U.S.: NYSE

$ 12.43

-0.15 -1.19%

Volume: 41.26M

Sept. 26, 2023 4:00p

P/E Ratio

12.15

Dividend Yield

4.83%

Market Cap

$50.35 billion

Rev. per Employee

$981,613

/zigman2/quotes/205226835/composite

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General Motors Co.

US : U.S.: NYSE

$ 32.26

-0.80 -2.42%

Volume: 8.25M

Sept. 26, 2023 4:00p

P/E Ratio

4.51

Dividend Yield

1.12%

Market Cap

$45.49 billion

Rev. per Employee

$938,533

/zigman2/quotes/210599714/realtime

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S&P 500 Index

US : S&P US

4,273.53

-63.91 -1.47%

Volume: 0.00

Sept. 26, 2023 5:09p