Ford Posts Surprise Sales Gain as Rivals Start Slow
Ford Posts Surprise Sales Gain as Rivals Start Slow
(Bloomberg) -- Ford Motor Co. saw a surprise increase in U.S. sales last month while General Motors Co.’s deliveries dropped by more than expected, according to people familiar with the matter.
Sales in January rose about 7 percent for Ford and slipped about 7 percent for GM, said the people, who asked not to be identified because the companies no longer make their reports public on a monthly basis.
Analysts were expecting Ford deliveries to drop 1.5 percent and GM’s to be down 3.7 percent, according to a Bloomberg News survey. All other major automakers reported weaker-than-expected U.S. sales earlier Friday.
To contact the reporters on this story: David Welch in Southfield at dwelch12@bloomberg.net;Keith Naughton in Southfield, Michigan at knaughton3@bloomberg.net
To contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, Melinda Grenier
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