Ford Reports Slight Uptick in Sales That Misses Analysts' Expectations
DETROIT –on Tuesday reported a slight increase in new vehicle sales for the second quarter that missed automotive analysts' expectations.
The company said sales rose 1.8% to 483,688 new vehicles in the second quarter compared to a year earlier, but noted that results improved in June and were upFord's sales easily outperformed the industry during the quarter, as overall sales were forecast to be down between Automakers have been scrambling to rebuild dealer inventories that have been hit hard by production cuts amid a global shortage of semiconductor chips and other key automotive components.
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