Fiat Chrysler ( announced Wednesday that its first-quarter sales in the United States fell by 10% even though sales were up the first two months of the quarter. )
“Strong momentum in January and February was more than offset by the negative economic impact of the coronavirus in March,” said the company.
General Motors ( reported a 7% drop in sales for the quarter, which it attributed to the sharp decline in March sales because of the virus outbreak. )
Neither company would release the month-by-month sales figures. But Toyota ( reported results for both March and the quarter. Its daily sales pace plunged 32% in March, while its overall sales in the month fell 37%, hurt in addition by one fewer sales day in the month. Overall, its first-quarter sales fell 9%, similar to the declines reported at Ford and GM. So it’s possible that )… Read More