http://news.moneycentral.msn.com/provider/providerarticle.aspx?Feed=AP&Date=20070131&ID=6416847DEARBORN, Mich. (AP) - Ford Motor Co. said Wednesday that it expects to post a 20 percent drop in January U.S. auto sales compared with the same month a year ago, due largely to lower sales to rental-car companies.
But the automaker said its turnaround plan is on track.
Companies report January sales on Thursday. Sales by Toyota Motor Corp. and Honda Motor Co. are expected to rise, but General Motors Corp. said last week that it expects its January sales to fall, also because of lower rental fleet sales.
This year, Toyota is expected to take Ford's No. 2 spot in U.S. sales after its sales surpassed Ford's in two months last year.
Toyota likely will beat Ford again in January, analysts say.
Dearborn-based Ford sold 190,574 cars and light trucks in January 2006.
While the decline in fleet sales hurts overall sales numbers, GM and Ford have said they are trying to focus on sales to more-profitable retail customers as part of their North American turnaround efforts.
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