April Sales Drop For Ford, GM, FCA: Patch PM

METRO DETROIT, MI — After a weak March, auto sales continued to fall for Detroit’s automakers in April. Ford sales dropped 7.2 percent, Fiat-Chrysler 7 percent and General Motors dipped 5.8 percent. The numbers reflect month-over-month sales compared to April 2016.

While sales are down, the industry as a whole is still expecting about 17 million units to be moved this year. A record 17.55 million autos were sold in 2016. High interest rates on car loans is one reason why sales have soften, according to an industry expert. Read the rest of the story here.

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