3 indicators to watch for on Ford Q2 earnings day
https://techcrunch.com/2022/07/26/3-indicators-to-watch-for-on-ford-q2-earnings-day/
While much of the automotive industry has suffered a downturn due to a lack of supply to meet pent-up demand, Ford has bucked the trend. At least, in terms of sales goals so far this year.
Industry wide, new vehicle sales in the U.S. dropped 20.3% for the second quarter, to 3.53 million, compared with the same period a year ago due to supply chain constraints that caused production bottlenecks. Ford was one of the few automakers to report a gain, with sales up 1.8% to 480,558 units. However, the growth was due to the strength of Ford’s trucks. Its new car sales fell 36%.