Ford Is Rallying After May Truck Surge

Ford rose as much as 2% Friday after the US’s second-largest automaker said sales were up 0.7% and truck sales saw a growth of 9.4%. Mark LaNeve, Vice President of US marketing, Sales, and Service said: "with sales up 11 percent in May and 6 percent year-to-date, F-Series is off to its best start since 2000". Car sales, however, were down 13% as the overall market for passenger cars in the US continues its years-long decline. Markets Insider reports that Ford indicated they would be exiting the car segment of the market except for its popular Mustang sports car and the Focus Active crossover SUV.