US Economy: Americans buy more trucks, SUVs in February
- Author: Leroy Wright Mar 02, 2017,
Mar 02, 2017, 5:21
Nissan sales also grew by four percent, with crossovers, trucks and SUVs experiencing 22 percent increase year-over-year.
Total Chevrolet deliveries in January increased by 3.4% year over year to 164,095 units, with retail sales rising 3.4% to 103,808 units.
Other automakers report sales later Wednesday.
FCA US posted a 10 percent decline, with fewer sales in every model except Ram trucks, which rose four percent compared to last February.
General Motors (GM +2%) grabs some market share in the us during February with sales growth ahead of the industry average.
"Our retail-focused go-to-market strategy is delivering robust results", says Kurt McNeil, U.S. vice president, Sales Operations. A debate has been ignited about U.S. auto sales being at peak levels, which could be the primary reason for auto stocks' underperformances in February.
"The sales pace for the industry is healthy, and more importantly, looks to be sustainable as we head into the high volume selling months ahead", industry analyst Tim Fleming of Kelley Blue Book said earlier this week. It also sold 952 Bolt electric vehicles, according to WardsAuto data, as the national sales rollout is getting under way after launching in a handful of EV-friendly markets such as California.
Sales of the Pathfinder SUV set a February record at 8,997, up 24 percent.
Sales of crossovers and sales, in addition to higher incentives on its pickup trucks, helped the automaker's performance, despite a drop in sales of many auto models.