Ford February sales -48.4% vs. -42% analyst expectations. [CNBC]
Ford US auto sales were down 44% in January, worse than the 31.9% drop expected by analysts. Anything larger than a Ford Focus was hit hard. SUV sales? Down over 50%. Trucks? Down over 40%.
Everybody knew it was coming, but the extent of the disintegration of the US automotive market came clearly into view today as automakers reported their sales figures for June. During a month when the national average price of gasoline topped an average of four bucks, what does one expect? Well — how about an 18.8%…