(Reuters) — Ford Motor Co (F) on Thursday reported a near 10% rise in second-quarter U.S. auto sales, helped by strong demand for personal vehicles and easing supply chain disruptions.
The U.S. automaker’s quarterly sales rose to 531,662 vehicles from 483,688 vehicles a year earlier.
Shares in Ford dropped 1.7% after the release of the figures.
Ford joins global rivals in reporting a rise in U.S. sales, as a steady jobs market despite the Federal Reserve’s hawkish monetary policy boosted demand.
On Wednesday, Japan-based Toyota’s North America unit reported a 7.13% rise in U.S. sales to 568,962 units, compared with Detroit’s GM’s 19% jump to 691,978 units for the quarter-ended June.
Industrywide, U.S. new vehicle sales in June were 1.37 million units, with an annual sales rate of about 15.7 million, according to data released by Wards Intelligence on Wednesday.
(Reporting by Pratyush Thakur in Bengaluru; Editing by Maju Samuel)
Source: https://finance.yahoo.com/news/ford-auto-sales-rise-robust-131728457.html