NEW YORK (TheStreet) -- Ford Motor (F) - Get Report stock is advancing 2.23% to $12.85 in early morning trading on Friday after the automaker reported a 6.4% year over year increase in U.S. sales for June with 240,109 vehicles delivered.

The Dearborn, MI-based company delivered solid monthly growth because of strong truck and SUV sales that offset a 12.1% decline in car sales. Truck sales jumped 24.2%, while SUV sales increased 7.3%.

Weaker car sales were driven by an 11.6% drop in Focus sales as well as double-digit declines in Fiesta, Taurus and Mustang sales.

All of Ford's truck brands saw sales grow last month with F-Series sales gaining 28.6% to 70,937 vehicles and Transit sales increasing 19% to 14,437 trucks.

"Strong customer demand has helped us continue growing our truck leadership position, further widening the gap with our nearest competitor versus last year," Mark LaNeve, Ford's VP of U.S. Marketing, Sales and Service, said in a statement.

(Ford is held in David Peltier's Dividend Stock Advisor portfolio. See all of his holdings with a free trial.)

Separately, Ford Motor has a "buy" rating and a letter grade of B- at TheStreet Ratings because of the company's impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and attractive valuation levels.

You can view the full analysis from the report here: F

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

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