U.S. auto sales in March will increase almost 1.9 % from a year earlier, even as consumer discounts continue to remain at record levels, industry consultants J.D. Power and LMC Automotive said on Friday.
U.S. retail sales unexpectedly fell in March as households cut back on purchases of automobiles and other items, further evidence that economic growth stumbled in the first quarter. Other data on Wednesday showed a surprise drop in producer prices last month as rising energy prices were offset by a decline in the cost of services.
Ford Motor Co. beat analysts’ estimates for the fourth quarter and said assembly of the aluminum-bodied F-150 is going “extremely well,” even as the second-biggest U.S. automaker grapples with losses in Europe and South America.
Ford Motor Co., starting to ship its new aluminum-bodied F-150 pickup, fell as much as 4.4% after Deutsche Bank AG downgraded the automaker on concern that the truck won’t command premium prices amid low fuel costs.