Toyota, GM U.S. Sales Match Ford, Chrysler Growth as Concerns Mount
Following the path set out earlier by Ford Motor Co. (NYSE: F) and Chrysler Group LLC, General Motors Co. (NYSE: GM) and Toyota Motor Corp. (NYSE: TM) posted U.S. sales gains in February that did not quite come close to matching the double-digit gains the companies put up in January. Ford sales were up 9% compared with a 22% jump in January and Chrysler sales were up 4% versus 16% in January. Toyota posted a year-over-year U.S. sales gain in February of 4.3% compared with a 27% growth spurt in January and GM’s February sales rose 7% compared to February 2012 sales, far below the 16% growth seen in January.
GM said it sold 224.314 vehicles in the U.S last month, with Cadillac sales up 20% to 13,845 units and Buick model sales up 15% to 16,150. GM’s Chevrolet badge accounted for sales totaling…
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