Ford Motor Company (F) Reports a Double-Digit June Sales Increase

The biggest winner for Ford Motor Company (NYSE:F) and its investors is the ever-popular F-Series. It continues to blow up the sales charts with impressive gains, up 23.6% over last year’s June sales and still up 22% in year-to-date sales. This is a critical number to finish off the last month of the quarter, and will definitely boost top-line revenues as well as bottom-line profits when Ford reports its quarterly earnings later this month. It sold over 68,000 F-Series trucks: To put that number in perspective, Ford considers anything above 50,000 a phenomenal month – making this entire year a gold mine for Ford and its investors.

Information from Ford monthly press releases.

It gets even better. The chart below emphasizes why the F-Series will be even more profitable this year as transaction prices outpace the industry.

Information from Automotive News DataCenter.

Bottom line
As you can see, with transaction prices rising faster than the rest of the industry, the F-Series will be very profitable. There is a caveat, though: TrueCar reports that the F-Series had the largest total incentives for the month of June. This shouldn’t raise any alarms, for this is a typical strategy considering that rival General Motors Company (NYSE:GM) is currently releasing its redesigned 2014 Chevy Silverado.

All in all, this caps off another excellent and profitable month for Ford and leaves investors with a huge expectation for a great quarterly report coming up later this month. It also caps off a great six months for an American icon that has had a business turnaround that will be discussed in future business classes across the nation.

The article Ford Reports a Double-Digit June Sales Increase originally appeared on Fool.com and is written Daniel Miller.

Fool contributor Daniel Miller owns shares of Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM). The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford.

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