General Motors Corp. and Ford Motor Co., the biggest U.S. automakers, may say U.S. sales fell in February as they worked to wean themselves from dependence on rental-car companies, Bloomberg News reported today.
Sales may drop 7 percent from a year earlier for GM and 20 percent for Ford, based on the average estimates of 28 analysts and economists surveyed by Bloomberg. DaimlerChrysler AG's Chrysler unit probably will say sales fell 8 percent after a February 2006 gain.
"They are making the right moves and getting away from this model where you had to bleed surplus production into the rental business," said Jim Sanfilippo, an analyst at Automotive Marketing Consultants in Bloomfield Hills.
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