On June 5, Ford Motor fell 3.03% in regular trading, trading at $14.88/share, with trading volume of $213 million, extending a multi-day pullback from its 52-week high.

On the news front, Ford reported May U.S. auto sales of 190,828 units, a 13.6% year-over-year decline, with electric vehicle sales dropping 22.2%, reflecting persistent demand suppression from high interest rates and stubborn inflation. Additionally, Global Chief Marketing Officer Lisa Materazzo officially departed on June 1, with Dean Stoneley serving as interim CMO while a permanent successor is being selected, adding management uncertainty.

Ford previously rallied to a 52-week high of $17.78 before entering a technical correction. The current price has now approached the analyst consensus target of $14.31, suggesting profit-taking pressure has been a contributing factor. The broader Automobile Manufacturers sector also traded weak, with Tesla down 4.11%, Rivian down 7.4%, NIO down 4.92%, General Motors down 0.87%, and Ferrari down 1.14%.

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