After Ford reported the bigest lost in its history -$12.7 billion - it seems that they still can’t expect the good news to come: sales will likely fall 20 percent in January due to lower fleet sales.

At a briefing for Ford’s 2007 sales outlook, George Pipas told reporters the automaker’s U.S. January fleet sales would fall 40 percent, driven by a 60-percent decline in daily rental sales.

Ford fleet sales will be arround 700.000, down from 900.000 units a year earlier.

Ford, which is in the early stages of a four-year turnaround plan that includes closing 16 plants and cutting up to 45,000 jobs, has said it will lose U.S. market share through the third quarter as it pulls back from sales to car rental companies and other fleet operators.

Ford has also cut its first-quarter production target in North America to 740,000 vehicles, a 15.5 percent decline from a year earlier.

Source: Automotive News

What do you think?
Show Comments
Car Finder: