U.S. auto sales slowed in January from the breakneck pace set a month earlier, but aggressive consumer incentives and hot products helped some automakers eke out impressive gains nonetheless.
With many leading companies reporting their results by early Monday afternoon, industry analysts said January's seasonally adjusted annual sales rate looked set to come in at about 16.2 million units.
That result, amid Iraq war fears and mounting concerns about joblessness and the U.S. economy, would be well off December's 18.3 million rate.
But it would still be above the 15.8 million rate set in January 2002 and would mean that spending on autos -- which account for about one-fifth of U.S. retail sales -- held up relatively well in January in the face of stiff head winds.
|Jan.||Jan.||Pct.||1 mos.||1 mos.||Pct.|
|Ford Motor Co.**||242,714||232,450||4.4%||242,714||232,450||4.4%|
| Numbers in this table are calculated by Automotive News based on actual monthly sales reported by the manufacturers and may differ from numbers reported elsewhere. |
Source: Automotive News Data Center
Note: Other includes estimates for Ferrari, Lamborghini and Lotus
***Includes Jaguar, Land Rover and Volvo
*****Includes Honda Division and Acura
Includes Hyundai and Kia
Includes Nissan Division Infiniti
Includes Toyota Division and Lexus
Includes VW and Audi