General Motors Co (GM.N) and Fiat Chrysler Automobiles (FCAU.N) (FCHA.MI) on Friday reported lower U.S. auto sales for March than industry analysts expected, but Ford Motor Co (F.N) and Nissan Motor Co (7201.T) topped those estimates.
That means the industry could still meet analysts’ U.S. sales expectations of 17.25 million vehicles for March on an annualized basis. Analysts polled by Reuters expected an increase in sales of about 7 percent from a year earlier.
Monthly auto sales are an early indicator of U.S. consumer behavior.
Normally the largest U.S. automaker, GM said its U.S. sales rose 0.9 percent to 252,128 vehicles, about 2,600 fewer than crosstown rival Ford. Analysts polled by Reuters had on average expected GM to sell 260,500.
Experience the massive benefits of our Ultimate Krill Oil now at 60% off!