The automaker said overall sales totaled 173,966. Retail sales rose 2% but fleet sales declined 16%. Ford sales had been expected to decline by somewhat less. Fleet sales typically decline in July, disproportionately impacting the Detroit Three.
Elsewhere, Chrysler and Volkswagen were reporting sales gains Wednesday morning as the auto industry rolled out July sales numbers, which are expected to increase.
On the bright side for Ford, Fusion sales rose 21% to 23,326, its best July ever, and auto sales rose 3.5%. Explorer sales rose 14.3% to 11,313, the best July since 2006. F-Series rose 0.4% to 49,314. In California, Focus sales rose 58% in July, and retail sales rose 88%.Overall, truck sales declined 9%, largely because of the discontinuation of the Ford Ranger, which sold just 413 units, down from 6,410 a year earlier. Also, Lincoln sales fell 10.7% to 6,975. Sales of the Ford Escape fell 11.6% to 21,572 and sales of the Fiesta fell 23.4% to 4,059. Meanwhile, Chrysler said its sales rose 13% to 126,089 units, its best July sales since 2007. Chrysler, Jeep, Dodge, Ram and Fiat brands all posted sales increases in July compared with the same month a year earlier. Chrysler brand sales grew 35% to lead the group. Leading models were the Chrysler 200 midsize sedan, up 43%, and the Dodge Journey crossover, up 69%. Also, Volkswagen said its July sales rose 27.3% to 37,014, the highest level for July since 1973. -- Written by Ted Reed in Charlotte, N.C. >To contact the writer of this article, click here: Ted Reed >To follow the writer on Twitter, go to http://twitter.com/tedreednc.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV