Ford F-Series Leads Cars Sales, Again

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By Douglas A. McIntyre Published
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Holding its spot as the top-selling car or light truck in America, Ford Motor Co.’s (NYSE: F) F-Series pickup led the monthly U.S. car sales list again in July. It is a performance that has recurred almost every month for decades. The pickup was launched in 1948.

The F-series sold 63,240 units last month, up 4.6% for July 2013. Its closest competitor was General Motors Inc.’s (NYSE: GM) Chevy Silverado, which sold 42,087, flat with the same month last year. The dominance of the pickup in the American car market had further evidence because the fourth best-selling vehicle was Chrysler’s Dodge Ram, which sold 35,621 units, up 13.8%. Ram’s growth has been well ahead of its two rivals for the entire year, with an 18.8% increase for the first seven months.

Ford’s management was particularly happy, because it appears that the margins of its F-Series were maintained better than competition. In its press release, the management said:

Ford F-Series sales are up 5 percent with 63,240 trucks sold, a number achieved with the lowest incentives of the three largest pickup truck manufacturers

Incentives have always been an Achilles’ heel of the industry.

Ford’s success with the F-Series owes itself to, among other things, the diversity of the fleet. The F-150 has a base price range between $25,025 and $50,085, depending on the size of the cabin, engine power and trim. One version is more a sports car than a pickup: the SVT Raptor. It has a 6.2L V8 engine. However, Ford claims its capacity to operate off road is also extraordinary:

From hard, rutted dirt to steep grades of rock, the F-150 SVT Raptor can take the most unforgiving terrain a truck can set its tires on. Crawling over hills. Racing through brutal desert. And ready for the kind of off-roading that’s off-limits for the conventional 4-wheeler.

While it may be hard to find those “desert drivers,” the boast shows just how broad the F-Series appeal is. Its spot at the top is not going to change anytime soon.

ALSO READ: Cars So Hot They Are Out of Stock 2014

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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