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Ford expects weakest March U.S. market since '93

DETROIT
Tue Apr 1, 2008 1:19pm EDT

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DETROIT (Reuters) - Ford Motor Co. (F.N) on Tuesday said it expected that overall U.S. auto sales in March fell to the lowest level that the industry has seen since 1993.

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Ford's chief sales analyst, George Pipas, said in a conference call for reporters and analysts that Ford expected that industry-wide sales results would show an annualized and adjusted sales rate near 15 million units.

Pipas said the weaker industry-wide result with an annualized sales rate in "the low 15 million (unit) range" for the first quarter was in line with the automaker's outlook from late last year.
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