Ford Sales Reflect A Slowing Economy
Ford Motor Co.’s sales fell 3.4 percent in January, the automaker’s fifth straight monthly decline, as weak car sales continued to outweigh robust truck sales.
With Ford’s results, the industry’s total U.S. sales ended the month down 1.6 percent compared with January a year ago. That was less than the 3 percent drop some analysts had expected, yet shows an industry grappling with a slowing economy and consumers excited by some light trucks but not much else.
Ford’s January performance, which was in line with analysts’ expectations, was the worst of U.S. automakers. Last week Chrysler Corp. reported a 7.1 increase in sales, while General Motors Corp. reported a 1.8 percent decline, a smaller drop than had been expected.
Ford shares closed down 1/8 at 29-3/4.