Ford U.S. sales plunge 28 percent
Tue Jul 1, 2008 1:14pm EDT
DETROIT (Reuters) - Ford Motor Co said on Tuesday U.S. sales fell 28 percent in June on an unadjusted basis, driven by steep declines in sales of trucks and SUVs under rising gasoline prices.
Sales dropped to 174,091 vehicles in June from 242,029 vehicles a year earlier, including all the automaker's brands, Ford said.
Ford shares fell more than 7 percent lower after the release of the monthly sales figures.
In the Ford, Lincoln and Mercury brands in June, car sales declined 12.1 percent, crossover sales were off 17.8 percent, SUV sales sank 54.7 percent and truck and van sales sagged 37.8 percent, Ford said.