Cars and Drivers
June Auto Sales at Chrysler and Ford Don’t Keep Up with May Sales
Published:
Last Updated:
The company’s Chrysler brand had a sales increase of 1% in June, down from the 4% gain in May. Sales of the company’s Jeep brand fell 5% year over year, after a rise of 1% in May.
Chrysler’s June sales mark the 39th consecutive month of year-over-year sales growth. Sales of Dodge-branded vehicles rose 22%, slightly below the 23% year-over-year growth posted in May. The Ram pickup truck brand got a sales boost of 23%, to its highest level in six years. However, that is a point lower than the Ram increase of 24% in May and well below the 49% jump in April.
At Ford, June sales rose 13.4% for the month year-over-year, to 235,643 units sold. In June 2012 the company sold 207,759 units. For the year to date, Ford’s total sales are up 13.1%.
By comparison, May sales rose 14% for the month year-over-year, to 246,585 units sold. In May 2012 the company sold 216,267 units.
The company’s push to boost its Lincoln brand continues struggling. Sales fell 5.2% year over year in June. Year to date, Lincoln sales are down 11.2% for the first six months of 2013, although the hybrid MKZ saw a small gain in sales.
Sales of Ford’s best-selling F-Series pickup trucks rose 24% in June, the highest sales for the month of June since 2005.
Shares of Ford are down about 1.1% in the first few minutes of trading this morning, at $15.92, in a 52-week range of $8.82 to $16.09.
General Motors Co. (NYSE: GM), Toyota Motor Corp. (NYSE: TM) and Honda Motor Co. Ltd. (NYSE: HMC) will report sales later today.
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.