Ford Sales Rose 13% Last Month

The cars sales numbers for June are in:

Detroit’s Big 3 automakers reported strong sales gains in June, compared to the same month a year ago.

Ford reported a 13% driven by a 24% jump for the profitable F-150 pickups, Chrysler Group said sales were up 8% (its 39th consecutive monthly sales gain) and GM rose 6%.

Ford said that the sales pace was so strong that if it were extended over the entire year, adjusting seasonally, the industry would crack the critical 16-million sales barrier for the first time since 2007.

Meanwhile, Kelly Blue Book estimates that June car and truck buyers overall spent more for their new vehicles, too — up 1% to an average out-the-door transaction price of $31,663 — with Ford a big gainer.

Ford ($F) has been as high as $16.08 per share which is one penny below the 52-week high which was made in early June.

Posted by on July 2nd, 2013 at 12:07 pm


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