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Ford June Sales Down 5%, Better Than Feared

Ford Motor Co. (NYSE: F) on Monday reported a U.S. sales decline of 5.1% year-over-year in June, to 227,979 Ford and Lincoln vehicles, compared with June 2016 sales of 240,109. Passenger car sales fell 23% in the month of June.

Truck sales rose 1.2% for the month, and sales of F-Series pickups jumped by 9.8%. Retail sales were flat in June at 152,396 units and fleet sales fell 13.9% to 75,583 units.

Total sales compare to an estimate of 216,000 by analysts Kelley Blue Book (KBB), who also estimated an average transaction price of $38,398, up 3% year over year and down 0.1% compared with...