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Posts Tagged ‘february car sales’

New Vehicle Sales Holding Strong in February

Compact car sales going strong this month.

by on Feb.23, 2016

Longer, lower, roomier. Honda's 2016 Civic is one of the compact cars enjoying strong sales in February.

Despite the uncertainty that has rippled through the economy since the start of the year, new car sales have remained robust.

New-vehicle sales this month are expected to increase 8.1% from a year ago, according to a monthly sales forecast developed by J.D. Power and LMC Automotive.

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The SAAR for total sales is projected to reach 17.7 million units in February 2016, up 1.4 million units from 16.4 million a year ago when much of the country was snowbound and the highest rate since 2000 when it briefly reached 18.9 million units. (more…)

Chrysler Small Car Sales Slide

Maker hopes to boost demand with special editions.

by on Mar.10, 2014

Fiat hopes the 1957 Edition will help boost demand for the little 500 model.

It’s been a cold, cruel winter for the auto industry, even makers like General Motors and Toyota struggling to maintain momentum in the marketplace.  Chrysler has been one of the few automakers to remain in the black so far – but while demand has been strong for models like the Ram 1500 pickup and Jeep Cherokee, sales have been sliding like a muscle car on ice when it comes to some of the Detroit firm’s smallest passenger cars.

Demand for the once-promising Dodge Dart, in particular, has been weak enough to force a temporary shutdown of Chrysler’s Illinois assembly plant.

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The downturn is all the more striking when one considers that sales of utility vehicles and light-duty trucks have helped lift the Chrysler Group to year-over-year sales increases for 47 consecutive months — one of the longest streaks in the car business — even as rivals such as General Motors, Ford, Toyota, Honda and Hyundai lost ground.


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.