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Posts Tagged ‘February auto sales’

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.


Shortest Month Brings Strong Sales

Despite storms, consumers surge back to showrooms.

by on Feb.28, 2011

"Nobody's buying," said Ford marketing czar Jim Farley, during the blizzards of early February.

It may have been frigid cold in much of the country, but things were only heating up inside the nation’s new car showrooms, this month.  Despite blizzards that led to a slow start, car sales for February will wind up well into the plus column, according to a preliminary report by J.D. Power and Associates.

Using data from dealers across the U.S., the research firm estimates sales will come in about 17.3% above year-ago levels – and 11.7% above January sales.

That’s a significant turnaround in just a matter of weeks.  Speaking to at the Chicago Auto Show, earlier in February, Ford’s global marketing chief Jim Farley lamented, “Nobody’s buying.”

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It didn’t help that much of the country was being hammered by frigid temperatures and a series of winter storms, but the Ford executive also worried that consumers were waiting for a new round of hefty incentives before signing on the dotted line.


GM February Sales Up 32% in Total.

Combined Chevy, Buick, GMC and Cadillac Retail Sales Up 7%.

by on Mar.02, 2010

GM's challenge remains a delicate balance among incentives, share and - eventually - profits.

Chevrolet, Buick, GMC and Cadillac dealers the U.S. reported sales of 138,849, up a combined 32% compared to February 2009. General Motors Company attributed the moderately positive results by the continued strong growth of new GM crossovers and passenger cars.

Retail sales for GM’s four brands were up 7% percent for the month, attributed to strong consumer demand for GM’s crossovers.

February retail sales of GM’s newest crossovers – Chevrolet Equinox, GMC Terrain and Cadillac SRX – were up 198% compared to the vehicles they replaced.

This was the seventh month in a row that retail sales of these vehicles were up more than 100%. However it wasn’t enough to keep GM in the number one sales spot in the U.S. market as a surging Ford Motor Company edged it out of first place.

However, retail sales of all eight brands, when compared with last February, were down 9%. There are millions of owners from the canceled Pontiac, Saturn, Hummer and Saab brands, and it is not clear that GM is capable of winning them back.

The large increase in fleet sales (+32%) also works counter to a long standing GM weakness – residual values of its vehicles, which increase the cost of ownership,  that executives are attempting to address.