Posts Tagged ‘February auto sales’

Most Makers Post Positive February Sales Results

Despite strong transaction prices, concern growing over rising inventory levels.

by on Mar.01, 2017

Volkswagen posted another monthly sales increase with February's 12.7% rise. The Golf family led the way with a 60.3% jump.

Steady gains by General Motors, Nissan and Audi helped keep the industry’s sales momentum rolling during February, however, not all the makers enjoyed improvements as Ford Motor Co.’s and Fiat Chrysler’s sales slipped.

GM reported record sales of crossovers, large SUVs and pickups in February, bolstering the company’s retail market share, which was up more than one-half percentage point versus a year ago. Average transaction prices, which reflect what customers pay after sales incentives, also set a February record.

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“Our retail-focused go-to-market strategy is delivering robust results,” said Kurt McNeil, U.S. vice president, Sales Operations. “All of our brands grew their average transaction prices by healthy amounts, and we delivered solid growth in the industry’s fastest-growing and most profitable segments.” (more…)

US New Car Sales Expected to Rise Slightly in February

Incentives climbing as makers seek more buyers.

by on Feb.24, 2017

New vehicle sales in February are expected to rise slightly, led by the country's ongoing love of trucks.

February auto sales in the U.S. are likely to follow the same tepid pace from last month’s results when makers saw sales dip ever-so-slightly; however, this month they are expected to rise ever-so-slightly.

Industry consultants J.D. Power and LMC Automotive believe U.S. sales will rise less than 1% in spite of record levels of enticements aimed at new vehicle buyers. February U.S. new vehicle sales will be about 1.35 million units, up 0.6% from a year earlier, the consultancies said. Analysts at Edmunds are seconding the observation.

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The seasonally adjusted annualized rate for the month will be 17.7 million vehicles, up from 17.6 million last February. The Power and LMC expect U.S. sales to eclipse last year’s record of 17.55 million units with 17.6 million in 2017. (more…)

Automakers Post Fabulous February Sales

Mazda, VW break with group to post losses.

by on Mar.01, 2016

Ford posted substantial sales increase in February, due in large measure to improved F-Series results.

With the seasonally adjusted annual rate of sales or SAAR running at better than 17.7 million units, the U.S. auto industry continued to chalk up healthy sales numbers with Ford Motor Co. Nissan and Fiat Chrysler posting double-digit sales increases.

Ford’s U.S. sales were up 20% in February versus a year ago with 217,192 vehicles sold. Retail sales grew 11% – the company’s best February since 2005. F-Series sales were strong, with 60,697 vehicles sold – a 10% increase – marking Ford’s best February for F-Series in a decade.

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“We saw a solid industry last month and a strong month for Ford, as customer demand for our newest vehicles, helped Ford increase its average transaction prices at almost double the industry average,” said Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service. (more…)

Truck Sales Lead to Strong February Results

Cars less than half of new vehicle’s sold last month.

by on Mar.03, 2015

The 2015 Chevrolet Silverado is selling like gangbusters for GM. The maker's truck sales were up 36% in February.

Sales of truck and crossover vehicles accounted for well over half of all vehicles sold in the U.S. during February as sales of passenger cars continued to slide.

Trucks and crossovers accounted for 54% of all vehicles sold in the United States during February, according to AutoData, and the trend was underscored by the sales number posted by various automakers.

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General Motors, for example, saw its sale of trucks and utility vehicles increase by 36% but its passenger car sales dropped by 21% and the Cadillac division sales dropped by 12%. The same pattern prevailed at Ford, Honda and Nissan, all of which reported that sales of passenger cars dipped during February but were offset by increases in truck sales. (more…)

Automakers Enjoy Strong February Sales Despite Cold Weather

Truck, SUVs continue to report strong results.

by on Mar.03, 2015

Nissan's Sentra saw sales increase 24% in February. Most early reporting automakers saw sales increases in last month.

Good news for automakers in February: U.S. consumers still wanted to buy new cars, trucks and sport-utility vehicles despite the frigid weather conditions that prevailed across much of the country. Most automakers reporting sales early today managed to post modest sales increases for the month of February.

General Motors, FCA US, Toyota, Nissan and Infiniti all reported sales increases while Ford announced modest 2% drop in sales and the Volkswagen brand saw its sales drop by 5%

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Reid Bigland, head of U.S. Sales for FCA, said Chrysler, Jeep, and Ram Truck brands each posted year-over-year sales gains in February as FCA sales increased 6% compared with the same month a year ago. The Jeep brand’s 21% increase was the largest sales gain of any FCA US brand during the month and its best February sales ever. The group extended its streak of year-over-year sales gains to 59 consecutive months. (more…)

February Auto Sales Rise Despite Weather, Dockworkers

New car purchases hit best February since 2002.

by on Feb.24, 2015

Auto sales remained strong in February despite a cold snap covering much of the nation.

Faced with bitter cold weather that has cut into new cars sales in New England and put key automotive hubs in the Southeast, such as Atlanta and Charlotte, into the deep freeze, car sales appear to have held their own during February, analysts said.

“The industry had a great start to 2015 in January, and that sales momentum continues in February with exceptional growth in retail sales,” said John Humphrey, senior vice president of the global automotive practice at J.D. Power.

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Humphrey noted that automakers continue to take advantage of strong residual values to provide attractive lease deals for consumers. Lease penetration through the first 11 selling days in February is 27.4% of retail, its highest level ever and the amount of capital sunk in automotive financing has now reached record levels, according to a new study released last week. (more…)

Altima Takes Car Sales Lead from Camry in February

Nissan, Chrysler enjoy strong sales due to SUVs.

by on Mar.03, 2014

The Nissan Altima took over the car sales lead in February outselling Toyota Camry and Honda Accord.

The cold February weather that settled across the nation set the stage for something of a revolution in showrooms across the country as the Nissan Altima replaced the Toyota Camry and Honda Accord as the best-selling passenger car in the U.S.

The final sales totals for the month of February showed Nissan selling a total of 30,849 Altimas, an increase of 11.3%. Sales of the Toyota Camry, the most popular car in America for more than a decade, fell 7.3% to 28,998 units, while sales of the Honda Accord fell 12% to 24,622.

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The decline in sales of the Camry and Accord also undercut the overall sales results for Toyota and Honda. Toyota sales slipped 4.3% despite and Honda’s fell 7% despite strong utility vehicle sales for both makers. (more…)

February Brings Automakers Mixed Sales Results

GM, Ford, Toyota, VW slump, while FCA, Nissan rise.

by on Mar.03, 2014

Jeep sales were up 47% in February, helping FCA to an double-digit jump overall for the month.

The chill of a cold February spread to new vehicle sales, but makers increased incentives to try to heat up sales in the second half of the month, setting the stage for stronger sales heading into the spring selling season.

General Motors, Ford, Toyota and Volkswagen all reported sales declines for February as inclement weather over much of the country reduced showroom traffic.

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However, Fiat Chrysler Automobiles (FCA), Porsche and Nissan posted double-digit sales increases thanks to strong sales of sport utility vehicles. FCA’s Chrysler Group posted an 11% increase compared, while Nissan said sales increased 15%. (more…)

Reviving Housing Market Adds Boost to Auto Sales

Car buyers turn blind eye to Washington budget battle.

by on Mar.01, 2013

Porsche - its Boxster shown here - delivered February's biggest sales gain.

For the last several years, automotive sales have helped carry the struggling economy.  This time, however, the recovering housing market appears to be giving a boost to the auto industry.

February sales showed unexpectedly solid momentum, automakers are reporting today, despite concerns about recent fuel price spikes and the potential damage that the ongoing budget battle in Washington could cause to a still-fragile economy.

As in recent months, cheap financing and pent-up demand helped propel the car market, but industry analysts say other factors helped drive a roughly 7% increase for February in the sales of new cars, trucks and crossovers.

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“The housing sector has now joined auto sales in propelling the U.S. economy forward,” said Kurt McNeil, vice president of U.S. sales operations for General Motors, which reported a 7% increase, year-over-year. “More importantly, the recovery in new home construction is reinforcing the underlying improvement in auto buying conditions, especially for pickups.”


After Slow Start, Sales Jump in February

“Good results across the country,” despite bad weather.

by on Mar.01, 2011

Sales of GM products, like the Chevrolet Equinox boomed during February, with especially strong retail demand.

Automakers appeared to enjoy an early spring this year as manufacturers generally posted double digit sales increases for February.

Even Mitsubishi, which had seen its share of hard times, reported a big gain in sales, while Suzuki –which posted a long string of sales declines in 2009 and 2010, leading many to wonder if it would abandon the U.S. market — reported a 19% gain.

Toyota also used an easy comparison — and heavy incentive spending — to spur a 42% increase in overall sales and a 70% increase in demand for the Prius hybrid. Prius sales tend to rise and fall right along with the gasoline prices, but it didn’t hurt that in February 2010 the Japanese giant had put a sales hold on many of its products while it addressed problems with sticky accelerator pedals.

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So far rising gasoline prices haven’t had much of an impact on vehicles sales.  Though the sales figures indicate that fuel efficient vehicles such as Ford Fiesta, Toyota Prius and Chevrolet Cruze all did well during February, so did sales of pickup trucks and sport utility vehicles.

General Motors, Ford Motor and Chrysler all posted double-digit sales gains.