Breaking News         Latest US News              New York News              Fx Tribune

Top 5 Reasons Why Businesses Outsource
February U.S. auto sales, an early-month indicator of consumer spending, fell slightly but remained strong as pickup trucks and SUVs continued a robust showing based on the first three automakers that reported on Wednesday. Continue Reading Below General...

GM, Ford Beat Feb. Sales Expectations; Industry Sales Seen Down

February U.S. auto sales, an early-month indicator of consumer spending, fell slightly but remained strong as pickup trucks and SUVs continued a robust showing based on the first three automakers that reported on Wednesday. Continue Reading Below General...

GM, Ford Beat Feb. Sales Expectations; Industry Sales Seen Down

February U.S. auto sales, an early-month indicator of consumer spending, fell slightly but remained strong as pickup trucks and SUVs continued a robust showing based on the first three automakers that reported on Wednesday.

Continue Reading Below

General Motors Co, the top automaker in the U.S. market by sales, said the industry will show a 1 percent decline but still post a robust 17.5 million in sales on a seasonally adjusted annualized basis. That is less than the 17.7 million expected by 38 economists polled by Thomson Reuters.

GM beat most analysts' expectations with a 4.2 percent gain in new vehicle sales.

Ford Motor Co, No. 2 in the U.S. market by sales, said sales declined by 4 percent, but still beat most analysts' expectations. Sales for its F-Series pickup trucks rose 9 percent, SUVs were up 6 percent but car sales fell 24 percent from a year ago, the automaker said.

Nissan Motor Co also beat expectations, showing a 3.5 percent gain, led by a 54 percent surge for its Rogue small SUV.

Consumer discounts, which cut into corporate profits, rose in February, third-party industry watchers said, but the average new car selling price also was higher.

Continue Reading Below

However, J.D. Power pointed out that the percentage of consumer discounts to the average selling price was 10.3 percent. It was the first time the measure topped 10 percent in February since the industry's worst year in 2009, J.D. Power said.

GM said retail sales for trucks and crossovers were up 18 percent and 15 percent, respectively. For its primary pickup, the Chevrolet Silverado, total and retail sales both jumped 17 percent, its best showing in February since 2007. (Reporting by Bernie Woodall and Nick Carey; Editing by Jeffrey Benkoe)

Our editors found this article on this site using Google and regenerated it for our readers.

Publish Date : 01 Mart 2017 Çarşamba 10:38

Breaking News Headlines

Challenges of Studying MBA online and Suggestions to Overcome Them
Challenges of Studying MBA online and Suggestions to Overcome Them
Was Road-Rage To Blame For This New Jersey Semi-Truck Accident?
Was Road-Rage To Blame For This New Jersey Semi-Truck Accident?
Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Technology Advancements: How will Things Change?
Technology Advancements: How will Things Change?
Bad Science – Ensuring We Keep Things Simple
Bad Science – Ensuring We Keep Things Simple
A Meaningful Life: Just What You Need for Better Health
A Meaningful Life: Just What You Need for Better Health
What to Expect at the Canadian Citizenship Test and Tips to Prepare
What to Expect at the Canadian Citizenship Test and Tips to Prepare
Tipping in America- What Should You Know as a Traveler?
Tipping in America- What Should You Know as a Traveler?
Sepi proposes to the ex-minister Miguel Sebastian as a director of Indra
Sepi proposes to the ex-minister Miguel Sebastian as a director of Indra
There are two Spains in the employment
There are two Spains in the employment
Valerio dodge the shock with the CEOE and downgrade to 7% the rise of the bases maximum contribution
Valerio dodge the shock with the CEOE and downgrade to 7% the rise of the bases maximum contribution
Spain puts an end in the EU in four years of cuts in the quota of hake south
Spain puts an end in the EU in four years of cuts in the quota of hake south
POLLS Results ALL
Who is the most powerful actor in Syria

Front Pages
  • The Sun
NEWS ARCHIVES