Ford Motor Co.’s downward sales spiral continued in February, with the troubled auto maker posting a 14.3% decrease vs. like-2006 on both a volume and daily rate basis (24 selling days in both 2007 and 2006). Like the previous two months, the bulk of the decline was due to a reduction in fleet sales, as Ford moves to lessen its dependence on the sale of low-margin rental units. “Our daily-rental sales were down 30%, while overall fleet sales were down 23%,” U.S. Sales Analyst George ...
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