Breaking: Ford expects January sales off by 20 percent
January 31, 2007 2:18PM by Michael Savio
Ford Motor Co. announced today that it expects its January U.S. sales will likely fall 20 percent due to reductions in sales to fleets. George Pipas, Ford’s sales analyst, told reporters that fleet sales would fall 40 percent in January, led by a 60 percent drop in sales to car rental agencies.
“This is not going to be the biggest decline in fleet sales,” Pipas said.
Ford expects its fleet sales to be “just north of 700,000″ in 2007, down from 900,000 units in 2006, because of the automaker’s planned cuts in sales to daily rental fleet. Ford is expecting double-digit declines in fleet sales every month this year.
Ford’s retail sales in January are likely to be about the same as last year, but F-Series sales will likely decline from last year’s levels.
Ford will officially announce U.S. January sales tomorrow.
## Source: Reuters ##
Posted in: Ford, Manufacturing, News, Sales Results
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