Fiat/Chrysler is also announcing lower car sales, adding the the weak numbers from Ford, GM and Honda.
Their sales slumped -5.0% vs. last year. The estimate was for a gain of +0.4%.
UPDATE: Toyota is down -2.1% vs estimate of down -1.2%
ISM manufacturing for March is due at 10 AM (est 57.2 vs 57.7 last month), along with Construction spending for February (estimate 1.0% vs -1.0%).
Today the US car sales for March are being released and so far, the numbers are not looking up to expectations.
- Ford sales were down 7.2%. The estimate was for down 5.9%
- GM sales were up 1.6%. The estimate was 7.0% according to headlines on Bloomberg. CNBC shows an estimate of 9.6%. Either case the numbers are not great. CNBC also reported higher inventories accumulating.