The so-called Big Three automakers reported March sales that were weaker than expected. The declines for Ford, GM, and Fiat Chrysler happened as consumers bought fewer sedans and more SUVs. Total vehicle sales rose at a seasonally adjusted annual rate of 16.63 million. That was short of the forecast for 17.30 million..
Here’s the scoreboard:
Nissan: 3% (2.8% expected)
Ford: -7.2% (-5.9% expected)
GM: 1.6% (7% expected)
Fiat Chrysler: -5% (0.4% expected)
Toyota: -2.1% (-1.2% expected)
Automakers shares slid in trading following the numbers. Read more