Ford Motor Company (NYSE: F) U.S. monthly sales for June declined 26.9% year-on-year to 115,789 vehicles.
Sales of cars fell 81.8% to 2,868, SUVs fell 11.5%, and trucks dived 27%.
On a brighter spot, sales of electrified vehicles expanded 117% Y/Y in June, concluding with a new first-half sales record on 56,570 vehicles, driven by new products like 12,975 Mustang Mach-E 17,039 F-150 PowerBoost Hybrid.
Strong incremental growth of Bronco Sport and Mustang MachE propelled Ford brand retail SUVs to their best first-half performance in 20 years, with 1H sales up 37% Y/Y.
Retail orders for Ford and Lincoln vehicles are up more than 16- fold this year over last.
Lincoln’s SUV lineup sales grew 23.3% in 1H.
Ford has taken over 100,000 reservations for the F-150 Lightning, which will launch early next year. The company continues filling new orders placed during the semiconductor chip shortage.
Price action: F shares are trading higher by 0.17% at $14.94 on the last check Friday.
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