$F US Sales Climbed 37% yoy for July

WSJ headline: Ford’s U.S. Sales Climbed 37% in July From Prior Year’s Slump

Subheadline: Auto maker says increase came as industrywide U.S. sales dropped 11% in July


Ford F -2.04%? Motor Co.’s July sales in the U.S. climbed 37%, rebounding sharply from year-ago production shortages and propelled by growing electric-vehicle sales.

The Detroit car maker compared the growth with a nearly 11% decline in industrywide U.S. sales in July. The overall decline reflects challenges in restocking dealership lots as supply-chain challenges and the semiconductor chip shortage continue to weigh on production.

Ford’s increase in U.S. monthly sales was driven in part by a 169% climb in electric-car sales and a 70% jump in SUV sales. U.S. sales of trucks, which made up just over half of Ford’s U.S. monthly sales, climbed about 20%.

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