Ford Motor Company Sales Drop In June

DEARBORN, MI - June was not a good month for Detroit automakers. The Ford Motor Company saw sales drop 5.1 percent compared to June 2016. GM sales dipped 5 percent and Fiat Chrysler 7 percent.

“The auto industry is pacing towards its weakest first half since 2014,” said J.D. Power analyst Deirdre Borrego in a forecast statement. “While the retail selling rate has declined in four of the first six months.”

Meanwhile, analysts with Edmunds expect despite a “softening” market, 2017 sales will only slip 2 percent compared to 2016’s record high, making this year the fourth best sales year in U.S. history.”

For more, go to the Detroit News.

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Photo by Scott Olson / Staff / Getty Images News / Getty Images