Ford Motor Co (NYSE:F) shares are trading lower Tuesday. The stock ticked higher after the company reported strong June sales results.
Ford reported 152,262 vehicle sales in June, up 31.5% year-over-year. Truck sales totaled 79,823 units, up 26.4% year-over-year. Ford reported 67,788 SUV sales last month, an increase of 36.1% year-over-year. Electric vehicles sales totaled 4,353 in June, up 76.6% year-over-year.
Ford said its total U.S. market share expanded to 12.9% in June as sales outpaced the rest of the industry. The company attributed the share gains to strength in the F-Series, Explorer and Expedition along with continued strong expansion of electric vehicles.
"F-150 Lightning was America’s best-selling electric truck in June in its first full month of sales," said Andrew Frick, vice president of sales, distribution and trucks, and Ford blue.
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F Price Action: Ford has traded between $25.87 and $10.90 over a 52-week period.
The stock was down 2.39% at $11.05 at press time, according to data from Benzinga Pro.
Photo: courtesy of Ford.
