Economics
Ford Outsells GM for First Time in a Year as Explorer Gains
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Ford Motor Co. outsold General Motors Co. for the first time in more than a year in March as GM offered smaller discounts and Ford boosted sales of new or refreshed models.
Ford’s light-vehicle deliveries in the month climbed to 212,295, topping GM’s sales of 206,621, the companies said today. GM’s 9.6 percent sales increase trailed five analysts’ average estimate for a 20 percent gain. Ford, beating GM for the second time in the past 13 years, reported a 16 percent increase that topped the average estimate for a 13 percent advance.