ROMULUS (AP) -- Chrysler LLC sales chief Steven Landry says U.S. industry sales could drop as much as 35 percent in January to the lowest rate in 25 years. Landry told reporters Tuesday that the annualized sales rate for the month could drop below 10 million for the first time in a quarter century, led by a large drop in fleet sales. Automakers release their January sales results later Tuesday.
Vice Chairman Jim Press says the company's 30 percent sales drop last year is a sign of vitality because it eliminated 200,000 unprofitable fleet sales that had to be subsidized by profitable models.
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