US automakers are sliding on Monday after reporting weaker than expected March sales numbers.
Ford sold 236,250 vehicles in March, a 7.2% per cent decline compared with March 2016. Analysts were expecting sales to fall 5.9%.
There was a bright spot for Ford. Trucks and SUVs were a strong point for Ford. The Dearborn, Michigan-based manufacturer sold 81,330 F-Series pickups, up 10% from March 2016.
Meanwhile, GM sales rose 1.6% year-over-year in March, missing the expected 7% gain by a mile. Silverado sales declined 11.6%.
Elsewhere, Tesla reported record deliveries in the first quarter and overtook Ford in market cap for the first time.