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July 5, 2022, 9:39 a.m. EDT

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

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By Tomi Kilgore
F GM SPX

Shares of Ford Motor Co. /zigman2/quotes/208911460/composite F +2.21% 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 +2.65% have slumped 47.5% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.73% has lost 21.2%.

/zigman2/quotes/208911460/composite
US : U.S.: NYSE
$ 16.18
+0.35 +2.21%
Volume: 53.18M
Aug. 12, 2022 4:04p
P/E Ratio
5.63
Dividend Yield
3.71%
Market Cap
$65.05 billion
Rev. per Employee
$808,891
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/zigman2/quotes/205226835/composite
US : U.S.: NYSE
$ 39.48
+1.02 +2.65%
Volume: 8.91M
Aug. 12, 2022 4:00p
P/E Ratio
7.51
Dividend Yield
0.00%
Market Cap
$57.56 billion
Rev. per Employee
$841,408
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/zigman2/quotes/210599714/realtime
US : S&P US
4,280.15
+72.88 +1.73%
Volume: 2.22B
Aug. 12, 2022 6:27p
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