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February Auto Sales Match Most Upbeat Estimates

Improving consumer confidence shows up in the showroom.

by on Mar.01, 2012

Chrysler's flagship 300 posts a 480% sales increase for February, the maker up 40% overall. will update the Feb. 2012 sales story as more manufacturers report in.

With Volkswagen posting its best sales in almost 40 years, new car sales continued to gain momentum and to provide a huge lift the US economy during February.

Early forecasts had predicted a strong month and with preliminary results now coming in from VW, Chrysler Group, General Motors and Ford Motor Co. the analysts proved to be, if anything, conservative in their expectations, as all four companies reported substantial sales increases.

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Preliminary indications – with a number of major makers, including Toyota yet to report in – show that smaller passenger cars and crossovers gained significant momentum of their own in February as consumers responded to the threat fuel prices could again run up to record levels this year.