Winter Weather Dents GM, Ford Auto Sales

But Chrysler, Nissan managed to defy the cold


carsSnow 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.

Chicago Auto Show 2014: 5 Cool Cars Getting Buzz
Chicago Auto Show 2014: 5 Cool Cars Getting Buzz

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,

©2016 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.