Strong truck, SUV demand helped Ford, GM raise prices in June - Reuters
GM and Ford said on Wednesday increases in the average transaction prices for their vehicles, particularly trucks and SUVs, outpaced sales volume growth that fell short of Wall Street expectations. Ford, for example, said prices for its F-series trucks rose 8 percent, or $3,600, while sales volume for the pickup truck line dropped 8. 9 percent in June. GM's sales fell 3 percent last month as the company's small cars slid from year-ago figures, including a 13 percent drop in Cruze compact sales. Source: www.reuters.com
