Vehicle Sales Plunge

Ouch:

• Ford Jan vehicle sales were down a greater than expected 42.1%.
Ford’s fleet sales tumbled 65%,

• GM vehicle sales fell 49%, greater than the consensus of a decline of 39%.

• Toyota reported a 32% drop;

• Honda sales fell 27.9%

• Nissan reported a 30% decline;

• Mercedes-Benz division dropped 43%;

• Porsche sales skid 36%

• Volkswagen AG reported its U.S. unit’s sales fell 12%;

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