Ford: U.S. sales off 14.9 percent; SUV sales fall 54.4 percent
DETROIT - Ford Motor Co said on Friday its U.S. sales fell 14.9 percent
in July on an unadjusted basis amid the downturn in the U.S. auto
industry, especially for sales of large trucks and SUVs.
Sales dropped to 161,530 vehicles in July, from 189,920 vehicles a year
earlier, including all of Ford's brands, the automaker said.
In its Ford, Lincoln and Mercury brands, car sales rose 7.8 percent,
crossover sales fell 7.8 percent, SUV sales fell 54.4 percent, and truck
and van sales fell 18.1 percent.
There were 26 selling days in July, compared with 24 selling days a year
Other big automakers — including General Motors, Chrysler, Toyota and
Honda — are expected to report their July U.S. sales numbers later in
Earlier, GM said its earnings losses widened to $15.5 billion in the
second quarter as North American sales plummeted and the company faced
expenses due to labor unrest and its massive restructuring plan.
The loss of $27.33 per share was the third-worst quarterly loss in the
automaker’s history. In the same period a year earlier, GM recorded a
net profit of $891 million, or $1.56 per share. Revenue for the
April-June period was $38.2 billion, down $8.5 billion from a year earlier.
Ray Young, the company’s chief financial, said GM might offer another
round of buyout and early retirement offers to its U.S. hourly workers
because of production cuts.
Nearly 19,000 manufacturing workers — or about 25 percent of GM’s U.S.
hourly work force — signed up for the latest round of buyout offers,
which ended July 1. Young said 90 percent of those workers have left the