Ford Motor Co and Toyota Motor Corp posted stronger-than-expected growth in U.S. auto sales in July but most manufacturers on Friday reported gains below expectations as several months of strong demand pushed optimism too high.Ford's sales were up 10 percent at 212,236, with Toyota's up 12 percent at 215,802 due to strong demand for their SUVs as well as offering larger discounts.Industry sales were up 9 percent from last year to 1,433,016 vehicles, but that still fell short of the 11 percent gain analysts polled by Reuters had expected."Given the strength we saw over the last several months, the industry (growth) came back down at a little bit of a quicker pace than perhaps we had originally anticipated," said Alec Gutierrez, analyst with industry research firm Kelley Blue Book. "I wouldn't say the industry missed the mark too egregiously."
Ford Motor Company (Ford) is a producer of automobiles. Shares of F fell by 1.23% or $-0.21/share to $16.81. In the past year, the shares have traded as low as $14.40 and as high as $18.12. On average, 26290500 shares of F exchange hands on a given day and today's volume is recorded at 33336958.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business. Shares of TM fell by 0.34% or $-0.4/share to $117.59. In the past year, the shares have traded as low as $103.38 and as high as $134.94. On average, 323827 shares of TM exchange hands on a given day and today's volume is recorded at 206880.
Source
