Automakers led by General Motors Co. and Ford Motor Co. predict demand for cars and trucks, on pace for the best year since 2007, will remain resilient even as the U.S. was unable to avert government spending cuts that took effect yesterday.
Ford Motor Co.’s Lincoln brand, which aired two ads during the Super Bowl in February, posted a 29 percent U.S. sales slide for the month as dealers continued to run short of the MKZ sedan featured in the commercials.
Ford Motor Co., citing shortages of its new Lincoln MKZ for the luxury brand’s worst sales month in 32 years, is funneling some of the sedans produced in Mexico through a Michigan plant for inspection to ensure quality.
Daimler AG’s Mercedes-Benz reported a 22 percent surge in U.S. sales last month, building on its early lead as it tries to unseat Bayerische Motoren Werke AG’s BMW as the leader in luxury-auto deliveries this year.
Toyota Motor Corp. and Ford Motor Co. led the four largest automakers by U.S. sales in reporting January gains that topped estimates, as buyers return to showrooms to begin a fourth consecutive year of growth.