Ford’s April US sales fall 7.2 percent on sagging car demand
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DETROIT — Ford’s April U.S. sales fell 7.2 percent, dragged down by car sales that tumbled over 21 percent.
Nissan, General Motors and Toyota also reported U.S. sales declines in April, strong signs that demand for cars, trucks and SUVs is starting to slow after seven straight years of growth.
Industry analysts expect April sales to be down anywhere from 2 percent to 4 percent, but still run at a healthy annual rate of around 17.1 million vehicles.
Kelley Blue Book says it looks like 2017 U.S. sales will fall short of last year’s record 17.5 million for the first annual sales drop since 2009.
Ford Motor Co. says its SUV sales were up 1.2 percent, while truck sales fell by 4.2 percent.
But the company says it’s still getting strong sales prices due to high demand for F-Series Super Duty pickup trucks.