US auto sales drop 37 percent to 27-year low

ERJ staff report (AN)

By Chrissie Thompson, Crain News Service

Detroit, Michigan — US auto sales dropped 37.1 percent in January, dragged down by the Detroit 3 car makers, as the industry posted its lowest monthly total in 27 years.

Ford Motor Co.’s 41.6-percent fall and General Motors Corp.’s 49-percent drop were steeper than analysts’ forecasts. Chrysler LLC’s sales tumbled more than 50 percent for the second straight month. American Honda Motor Co. Inc., Nissan Motor Corp. USA and Toyota Motor Sales USA Inc. all slipped more than…

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