1. Ford's stock is recommended for purchase due to strong free cash flow and low valuation despite weak growth and a challenging industry backdrop. 2. The Manheim Used Vehicle Value Index indicates declining auto prices year-over-year, and S&P Global expects soft new car pricing outlook. 3. Ford's Q2 results were disappointing, but the company maintained its FY 2024 EBIT estimate and raised its free cash flow guidance in July.