DETROIT - Ford Motor Co. said on Monday its U.S. vehicle sales rose a stronger-than-expected 4.1 percent in January compared with a year earlier as aggressive consumer incentives offset the effects of war fears and weaker economic fundamentals.
The world's No. 2 automaker, which lured customers with an array of cash rebates, interest-free loans and other discounts, said January sales totaled 242,555 vehicles, including its foreign brands, Jaguar, Land Rover, Volvo and some heavy trucks.
Ford said its car sales rose 5.6 percent to 84,141 vehicles, while truck sales were up 3.3 percent at 158,414.
Other leading automakers were to report their January results later on Monday. Industry analysts have forecast that light vehicle sales for the month came in at a seasonally adjusted annual rate of about 16.2 million vehicles, well above the 15.8 million rate in January 2002 but down sharply from December's 18.3 million rate.