Ford’s Profit Rises on Higher Sales, More Inventory

Ford Motor net income rose nearly 19% in the second quarter, benefiting from rebounding sales and pent-up demand from car shoppers who have had to wait on purchases due to dealerships being out of stock.

The Dearborn, Mich., auto maker said Wednesday that revenue jumped 50% to $40.2 billion in the April-to-June period, driven in large part from having more vehicles to sell and buyers willing to pay elevated prices for them with inventories still constrained.