Ford Motor Company (NYSE:F)’s F-Series is the leading line of full-sized pickups, so any upticks in the segment generally mean good things for the Blue Oval. June was no exception: F-Series sales were up 24%, for the model line’s best June result since 2006.
Pickups are among Ford’s most profitable products, and because they sell in such big volumes (68,009 last month alone), the F-Series line is almost certainly the single biggest contributor to Ford’s global bottom line. And in the last few years, Ford has become very good at boosting pickup profits with premium packages that, like the options on its smaller cars, add considerably to per-sale profits.
All this adds up to strong profits for Ford
June’s results close out a quarter where Ford Motor Company (NYSE:F) gained market share in the U.S., and did so with products that it has positioned to boost its profits. Ford is set to report second-quarter earnings later in July, and while the rest of the world remains a complicated story, the company looks likely to post strong earnings in its core North American division.
The article F-150 Sales Power Ford Past Estimates originally appeared on Fool.com.
Fool contributor John Rosevear owns shares of Ford. The Motley Fool recommends Ford. The Motley Fool owns shares of Ford.
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