Ford's China slump intensified, with vehicle sales tumbling 38 percent in June and the automaker recording its worst ever first-half results as buyers shunned aging models that are awaiting updates and flocked to rivals.
The automaker overcame a 2.3 percent decline in fleet business and a 14 percent drop in the car segment thanks to strong performances for its SUV and pickup business. Utility sales rose 8.9 percent for a record June while pickup sales increased 3.2 percent.
U.S. light-vehicle deliveries, boosted by healthy deals, America's surging appetite for light trucks and an extra weekend of sales, rose 5.2 percent in June as the auto industry closed out the first half of 2018 on a high. The SAAR for June came in at 17.47 million, up sharply from June 2017 and May.