BRIEF-Ford says F-150 inventories on track ahead of launch of new version of large pickup later this year

DETROIT Fri Aug 1, 2014 9:58am EDT

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DETROIT Aug 1 (Reuters) - Ford Motor Co sales conference call: * Exec says on track with F-150 pickup inventories as company transitions to

new model launch by year end * Says U.S. industry average transaction prices in July up about $800 per vehicle versus year ago, incentive spend up about $200 per vehicle