DEARBORN, Mich. (AP) -- Ford Motor Co.'s top sales analyst predicts U.S. light vehicle sales in February will drop to an annual rate of about 9 million, the lowest since the early 1980s.
Analyst George Pipas says he doesn't think the sales rate will drop below 9 million, but will likely come under January's 9.6 million.
Pipas says the prime reason is a drop in consumer confidence.
He says the annual sales rate to individuals will likely drop but sales to fleet buyers such as rental car companies should rise in February.
Automakers release their February U.S. sales on Tuesday.