Winter Weather Dents GM, Ford Auto Sales

But Chrysler, Nissan managed to defy the cold

   

Winter Weather Dents GM, Ford Auto Sales

cars Winter Weather Dents GM, Ford Auto Sales Snow and ice across much of the U.S. throughout February put a chill in some automakers monthly sales.

General Motors (GM), the largest U.S. car-maker, reported sales of 222,000 cars and trucks during the month. GM noted that its February sales were down about 1% from the same time last year. The Chevrolet Cruze was a bright spot for GM, posting a 22% jump in sales, the Associated Press notes.

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Ford (F) saw vehicle sales sink 6.1% to 184,000 cars in February. Ford’s car sales plunged 14% during the month, while SUV sales sank 4%. However, its F-Series pickups notched an almost 3% gain.

Japanese giant Toyota (TM) reported U.S. vehicle sales of 159,000 units, down 4% in February.

German car-maker Volkswagen (VLKAY) said its sales tumbled 14% during the month.

The news was a lot better at Fiat’s (FIATY) Chrysler, which said it sold 155,000 vehicles last month, up 11%.

Nissan (NSANY) also had a good month despite the bad eather with sales jumping 16% to more than 115,000 vehicles.

GM stock fell modestly in Monday morning trading, while Ford stock dropped 2% and Toyota shares slipped more than 1%. GM stock has gained more than 30% over the past year. During the same time, Ford stock has gained 20% and Toyota shares are up 12%.


Article printed from InvestorPlace Media, http://investorplace.com/2014/03/winter-weather-dents-gm-ford-auto-sales/.

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