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Ford’s first-quarter sales drop 12.5% amid coronavirus pandemic

April 2, 2020

Via: CNBC

Ford Motor joined Fiat Chrysler and other major automakers in reporting double-digit declines in first-quarter U.S. vehicle sales as consumers shelter in place and dealerships close amid the coronavirus pandemic.

Ford reported Thursday that its sales fell 12.5% through March from a year ago. The decline is larger than the company’s crosstown rivals but is lower than the 15% slide expected for the overall industry.

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