Ford and GM weaker than expectations
Today the US car sales for March are being released and so far, the numbers are not looking up to expectations.
- Ford sales were down 7.2%. The estimate was for down 5.9%
- GM sales were up 1.6%. The estimate was 7.0% according to headlines on Bloomberg. CNBC shows an estimate of 9.6%. Either case the numbers are not great. CNBC also reported higher inventories accumulating.
US auto sales missing the mark
US auto sales missing the mark
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