Ford Predicts U.S. Auto Sales to Rise After May-June Trough
By Keith Naughton - Jun 29, 2011 4:11 PM ET
2011 Ford Motor Co. Flex sport utility vehicles (SUV) sit on display at the Capital Ford dealership in Raleigh, North Carolina. Photographer: Jim R. Bounds/Bloomberg
June’s seasonally adjusted annual rate will match or be “slightly better,” than May’s 11.8 million rate, George Pipas, Ford’s sales analyst, told reporters today in Dearborn, Michigan, where the company is based. Ford’s June sales rose from a year earlier, he said, without providing specific figures.
Industrywide sales have been hurt by “the lack of availability of some popular products in May, June and probably July” because of the March 11 earthquake and tsunami in Japan, Pipas said. “When they come back on line, we’ll do as well as we did in the first four months of the year, plus we’ll have pent-up demand from people who have been deferring purchases.”
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