Ford headquarters. Photo courtesy of Ford.
Ford Motor Company (NYSE:F) has been lighting the sales charts on fire this year and doesn’t look to slow down anytime soon. It’s set monthly records of sales throughout the year on its Fusion and Escape models while the F-Series has continued to be America’s best-selling truck and vehicle. Ford just released its June sales figures, which were up 13% compared to last year, and it continues the positive trend investors were hoping for.
– As a whole, Ford Motor Company (NYSE:F) was up 13% compared to a year ago, which was its best June since 2006.
– Its car and utilities sales are up 12% and 8%, respectively.
– Its truck sales are up 20%, with F-Series posting its best June since 2005.
– Lincoln’s MKZ recorded its best June sales month ever and best quarterly sales ever.
Under the Ford Motor Company (NYSE:F) brand only, which accounts for the vast majority of sales, cars were up 13.3% compared to last year and offered some surprises. The Fiesta, which typically sells much better overseas, increased a staggering 104% compared to last year.
Ford Motor Company (NYSE:F)’s Fusion sales came in slightly under last year’s sales at 24,313 (down 0.5%), but are still up a very healthy 17.8% for year-to-date sales. One of the reasons for this flat growth in sales is due to the limited production capacity. Recently it had been reported that the plant producing the Fusion is running at 114% capacity and Ford still can’t keep enough inventory on the dealer lots. Until extra capacity comes on line, we may see flat sales growth for the Fusion.
Ford Motor Company (NYSE:F)’s Escape model continues to impress consumers and is being driven off the lots in a hurry. Its sales were only up 0.7% over last year, but still an impressive 28,694 Escapes were sold, its best June ever; it was also Ford’s second-best-selling vehicle last month. Escape sales have been impressive all year and are still up a very healthy 23.2% in year-to-date figures.