Auto Sector . Automobiles , Auto Ancillaries
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…
View original post 115 more words
Chrysler Group, which is controlled by Italy’s Fiat SpA, was first out of the blocks, reporting sales of 139,015 units, up 4% compared with February 2012 and up from 117, 731 in January.
Chrysler’s February sales were its best for the month since 2008 and marks the 35th consecutive month of year-over-year sales growth. Sales of Dodge-branded vehicles rose 30%, somewhat below the 37% year-over-year growth posted in January. The Ram pickup truck brand got a sales boost of 3%, to its highest level in six years. That is considerably lower than the Ram jump of 14% in January.
At Ford Motor Co. (NYSE: F), February U.S. sales rose 9% for the month year-over-year, to 195,822 units sold. In February 2012, the…
View original post 108 more words