While the U.S. auto industry overall is expected to have a strong month in March than February, Ford’s results should outpace the industry, said FoMoCo executive Ken Czubay.
“We are having a pretty good month in March and we are finding the industry is having a good month, but we ought to outpace the industry again,” he said.
Czubay said that the seasonally adjusted annualized sales rate for the industry in March will be “surprisingly good” compared with what might have been expected at the end of February.
Annualized U.S. auto sales ran at 10.8 million vehicles in January and at about 10.4 million in February. According to Edmunds U.S. sales in March were running at an annualized rate of 13.2 million vehicles.
Ford’s forecast for the U.S. auto industry sales is in the 11.5 million to 12.5 million range for the year.
– By: Omar Rana
Source: Automotive News (Subscription Required)