1. Car sales fall, weighing on stocks
U.S. passenger vehicle sales dropped by 11 percent in March, the third straight monthly decline for domestic auto sales, Autodata reported on Monday. The industry sold 1.56 million vehicles last month, a 1.6 percent drop from last year. Analysts had expected a slight increase. Sales incentives rose by 13.4 percent to an average $3,511 per vehicle as automakers tried to move unsold inventory. "Going forward we'll see automakers likely cut production to manage inventories and to not go out of control with incentives," Autotrader analyst Michelle Krebs said. The news weighed on stocks. Electric car maker Tesla was an exception, rising and pushing its market value above No. 2 U.S. automaker Ford's for the first time.
2. Two advertisers pull commercials from The O'Reilly Factor
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