Ford in Europe: SUVs Boom While Car Sales Swoon
Ford Motor Company (NYSE: F) said its sales in Europe fell about 1% in June, as a big jump in SUV demand wasn't enough to fully offset declines in sales of small and midsize cars.
Ford sold about 128,400 vehicles last month in the 20 Western and Central European markets (the "Euro 20") that it considers its core market in Europe. That was down 1.4%, or about 1,800 vehicles from a year ago. That decline dropped Ford's market share in the region by 0.2 percentage point from a year ago, to 7.5% for the month.
In Europe as a whole, including Russia, Turkey, the former Soviet republics, and the countries of Eastern Europe (what Ford calls the "Euro 50"), Ford sold about 142,500 vehicles in June, down 1.6% from a year ago. Ford's market share in the Euro 50 was flat from a year ago, at 7.7%.
Source: Fool.com
Ford Motor Co. Stock
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