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Ford Sales Drop Is Lowest Since '08

Stock quotes in this article: F  

Ford(F Quote) says its sales fell 11% in June, its lowest decline since July 2008 and believed to be the lowest decline among major automakers.

Ford also said its June market share is 3% higher than the same month a year ago, even as it continues to reduce incentive spending. On a sales call, Ford sales analyst George Pipas said Ford's June market share is in the high 16% range, up three points from a year earlier.

In early afternoon trading, Ford shares were up 2.3% to $6.21. ...

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