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The top 5 stories of the week: U.S. auto sales; Ford stair-steps

Industry buzz this week centered around sales and inventory as automakers tallied numbers from March and the first quarter. Ford also provided more evidence that hybrids are having a moment.

Here’s a rundown of the top five stories as determined by Automotive News reader interest.


The U.S. new light-vehicle market expanded 5.5 percent in March and 5.1 percent in the first quarter, helped by higher inventories, healthy fleet volume and a sharp rise in incentives that drove retail demand.


Automakers pledged inventory discipline for higher profits when the production crisis abated. Will the lessons from tight inventories take root?


In a bid to more quickly move F-150 pickups amid declining sales, the automaker has revived a controversial practice that critics say can erode trust and sow confusion among customers: stair-step incentives.


Ford is delaying plans for a new electric pickup and three-row electric utilities amid slowing demand for EVs. Meanwhile, it aims to offer hybrid variants on each gasoline-powered vehicle in its lineup by the end of the decade.


Troubled EV startup Canoo spent twice as much as its revenue in 2023 on private jet usage for its CEO as the company struggles to stay afloat amid capital shortages.


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