Ford U.S. sales plunge 28 percent

[LogansPapa]

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.

http://www.reuters.com/article/busin...rpc=23&sp=true

[Eyelids]

GM did "well" by only losing 18% of sales too.

[LogansPapa]

"Losing a job is painful, and I know Americans are concerned about our economy; so am I. It's clear our economy has slowed, but the good news is, we anticipated this and took decisive action to bolster the economy, by passing a growth package that will put money into the hands of American workers and businesses." March 7, 2008 / GWB

[noonwitch]

I do think that ultimately, Mullaly will save Ford, but it will be at the price of a lot of jobs. Ford's biggest mistake was replacing Jacques Nassar with Bill Ford, Jr. Bill is a good guy, the one you want doing public relations, but not a good CEO-he ran the Lions before he ran Ford Motor. That should say it all. That, and he made the misguided move of ending the production of the Taurus, one of their best-selling cars (they're making them again).


The Focus is a good seller, the best mileage on an american car. I like my 2005 one, and the new ones look even better.

[Penguins Fan]

We bought a new Ford Escape just two months ago. Front wheel drive only, five speed, and I think it's a terrific car. The price was excellent and I get more than 25 MPG.

I think everybody's sales are down except maybe Honda.

[AmPat]

Meh, nothing to lose our heads over. Sales fall, production cuts follow, job loss, then prices. New car buyers begin to re-enter the market, sales rebound. {insert Circle of Life song}