×

U.S. auto sales were up during February despite the snowy weather

DETROIT (AP) – Freezing temperatures and drifts of snow took a small bite out of U.S. auto sales in February, but most automakers still reported gains thanks to the strong economy.

Toyota led major automakers with a 13.3 percent gain over last February. Others came in below analysts’ predictions. Chrysler, General Motors, Honda and Nissan all saw gains of 6 percent or less.

Ford’s U.S. sales were down 1.9 percent, as dealers lacked the inventory to meet demand for the new F-150 pickup truck. Volkswagen’s sales fell 5.2 percent.

All automakers report U.S. sales on Tuesday. Analysts had predicted an 8 percent increase over a year ago to nearly 1.3 million vehicles, based on the strength of the U.S. economy.

Falling unemployment, low interest rates and new versions of big sellers like the Jeep Cherokee – which saw sales jump 19 percent in February -drove buyers to dealerships in many cities. The forecasting firm LMC Automotive pushed up its 2015 forecast by 40,000 vehicles, based on strong demand. The firm is expecting U.S. sales to top 17 million this year for the first time since 2001.

Newsletter

Today's breaking news and more in your inbox

I'm interested in (please check all that apply)
Are you a paying subscriber to the newspaper? *
   

Starting at $2.99/week.

Subscribe Today