(Reuters) – Ford Motor (NYSE:F) Co on Thursday reported a near 10% rise in second-quarter U.S. auto sales, helped by strong demand for personal vehicles and easing supply chain disruptions.
The U.S. automaker’s quarterly sales rose to 531,662 vehicles from 483,688 vehicles a year earlier.
Ford joins global rivals in reporting a rise in U.S. sales, as a steady jobs market despite the Federal Reserve’s hawkish monetary policy boosted demand.
On Wednesday, Japan-based Toyota’s North America unit reported a 7.13% rise in U.S. sales to 568,962 units, compared with Detroit’s GM’s 19% jump to 691,978 units for the quarter-ended June.
Industry-wide U.S. new vehicle sales in June were 1.37 million units, with an annual sales rate of about 15.7 million, according to data released by Wards Intelligence on Wednesday.
