All three Detroit-based automakers posted double-digit increases in their July sales as consumers took advantage of readily available car loans in what may be the industry’s best July since 2006.
Both Ford and Chrysler posted 11% increases in their July sales, while General Motors sold 16% more new vehicles than in July 2012.
Ford’s sales were boosted by its biggest and smallest vehicles. Sales of the Ford Fiesta subcompact car rose 89% to 7,667. Sales of Ford’s F-Series increased 23% as the Dearborn automaker sold more than 60,000 pickup trucks.
Ford has sold more than 200,000 pickups in the last three months, said Ken Czubay, Ford’s vice president of U.S. marketing and sales as customers who held on to their pickups during the recession continue to flood showrooms.