The U.S. auto industry’s car sales so far in April have been “terrible,” a Ford executive said today. Sales were hit by a slow housing market and rising gas prices.
“This month is terrible,” Ford chief sales analyst George Pipas said in an interview, according the Reuters news agency. “We are not even close to where we expected to be in April.”
Ford, along with most other automakers, will announce its April sales in early May.
Ford yesterday reported an operating loss of 9 cents per share, or $171 million, compared with a profit of 12 cents per share, or $223 million, in the same period a year ago.
