Ford Motor Company (NYSE:F) reported a 10.3% year-over-year decline in US second-quarter sales on Thursday, as supply constraints affecting its F-Series pickup trucks and a sharp drop in electric vehicle demand weighed on results.
The automaker sold 549,200 vehicles in the quarter, down from 612,095 a year earlier. The result was slightly better than expectations for an 11.5% decline, according to Cox Automotive.
Ford said sales of its all-electric vehicles fell 40.7% year over year, reflecting weaker demand in the segment. F-Series truck sales, including the F-150, declined 11% as the company worked through production disruptions tied to earlier aluminum supply issues at a key supplier.
The company added that first-half F-Series performance was affected by the timing of commercial production following last year’s aluminum supply shortages, and it expects supply conditions to improve more fully in the second half of the year.
Despite the overall decline, Ford highlighted continued strength in several high-margin segments. Combined sales of the Bronco, Explorer and Expedition rose 10.1% in the first half of the year, while Bronco posted record quarterly and first-half sales and outsold the Jeep Wrangler in the second quarter.
The Maverick hybrid pickup also set a quarterly record with 29,457 units sold, up 19.3% from a year earlier.
Ford’s Mustang sales increased 22% in the first half, while sales of its Ford Pro Transit van totaled 78,925 units, maintaining its position as the best-selling van in the US.
The company said its estimated U.S. retail market share rose 0.2 percentage point to 12.3% in the quarter, even as it phased out some high-volume models, including the Escape and Lincoln Corsair. It added that excluding model transitions and fleet-related declines, underlying sales would have shown modest growth.
Year-to-date, Ford has sold just over 1 million vehicles, down 9.6% from the same period last year.
Shares of Ford traded down about 2% following the report.