June Auto Sales at Chrysler and Ford Don't Keep Up with May Sales
June U.S. auto sales numbers are due out from most U.S. and foreign automakers today, and it looks like June is shaping up to follow on the gains the carmakers saw in May. Chrysler, which is controlled by Italy's Fiat SpA, reported sales of 156,686 units, up 8% compared with June 2012, the company's best June sales since 2007. In May of 2013, Chrysler sold 166,596 units.
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.
Filed under: Autos Tagged: F, GM, HMC, TM