Electric Ford F-150 Lightning
Andrew Evers / CNBC
DETROIT – Ford Motor on Tuesday reported a slight increase in new vehicle sales for the second quarter that missed automotive analysts’ expectations.
The company said sales rose 1.8% to 483,688 new vehicles in the second quarter compared to a year earlier, but noted that results improved in June and were up 31.5% for the month. Analysts expected the Detroit automaker’s sales to rise between 3.3% and 5.1%.
Ford’s sales easily outperformed the industry during the quarter, as overall sales were forecast to be down between 19% and 21% from the year-ago period. Automakers have been scrambling to rebuild dealer inventories that have been hit hard…