Ford sales drop almost 30 percent in June - Autos - MSNBC.com

DETROIT - Ford Motor Co.’s U.S. sales tumbled 27.9 percent in June as high gas prices and a weak economy continued to cause trouble for Ford and the rest of the auto industry.
Ford was the first automaker to report sales data Tuesday. Analysts had predicted June auto sales could drop by double-digits to their lowest monthly rate in 16 years. Ford shares sank to a new 52-week low, while rival General Motors Corp. shares are trading near their lowest level in more than a half century.
Dearborn-based Ford blamed the latest sales decline on high gas prices and low consumer confidence, which sent buyers to the sidelines. It reported steep drops in June sales of pickup trucks and sport utility vehicles, including a 41 percent year-over-year decline for the F-Series pickup, a perennial best-seller, and a 52 percent drop for the Ford Explorer SUV.

U.S. auto sales had already fallen for seven straight months as of May, the longest period of consecutive monthly drops in eight years, according to the auto information Web site Edmunds.com.
When customers do buy, they’re picking smaller cars, crossovers and hybrids. The demand for more fuel-efficient vehicles has been a boon to Japanese automakers such as Toyota Motor Corp. and Honda Motor Co., which rely less heavily on trucks and sport utility vehicles than the Detroit Three.
For the first half of the year, Ford’s sales were down 14 percent compared with the year-ago period.

 

Why doesn't anyone mention that Toyota dropped 21% in the same reporting period?

Honda gains as Ford, Toyota, GM sales plunge in June

 

Yes, Toyota has become more "domestic", and it shows in that 21% drop. They ran out of Priuses last month. Scion is counted separately, so we dont know if it was really that bad corporate-wide. Since Honda does not make full-size trucks and SUV's like Toyota does, they are in better shape right now.

Jim

 

Yep, ya can't lose what ya never had.