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Similar a U.S. sales rise 5.3% as wintry weather takes toll
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U.S. sales rise 5.3% as wintry weather takes toll
- 1. U.S. sales rise 5.3% as wintry weather takes toll Across the industry, light-truck sales -- an ongoing bright spot for many automakers -- advanced 12 percent last month while car deliveries slipped 1.4 percent.. 21, 2014; the companies were merged under holding group Fiat Chrysler Automobiles on Oct. The Ram brand jumped 12 percent, while sales rose 13 percent for the Chrysler brand. February marked the first time since June that Subaru failed to advance at least 20 percent. Sales at the Toyota brand rose 13 percent. market share, Subaru led the way with a 19 percent gain. 2015 Feb. Government statistics show that the U.S. The Chevrolet Cruze, for example, was down 16 percent, and Sonic deliveries plunged 62 percent. The seasonally adjusted annual sales rate of 16.24 million was lower than estimates as recent as late last week, when analysts said record cold and snow in many states had done little to keep consumers away from showrooms. U.S. The Golf family of compact cars was the only VW nameplate to see sales rise last month, as volume more than doubled to 3,921 units. February's seasonally adjusted annual sales rate of 16.24 million was lower than estimates as recent as late last week, when analysts said record cold and snow in many states had done little to keep consumers away from showrooms. Photo credit: BLOOMBERG Mazda's 5.4 percent gain marked its 11th increase in the past 12 months. 2014 Pct. economy added jobs from November through January at the fastest rate since the 1990s. "Gas prices inched back up this month, but it didn't appear to have much impact on shoppers' choices," Jessica Caldwell, senior analyst with Edmunds.com, said in a statement last week. for the first time in six months. Numbers in this table are calculated by Automotive News based on actual monthly sales reported by the manufacturers and may differ from numbers reported elsewhere. Source: Automotive News Data Center Note: +Fiat S.p.A. The average of nine analysts surveyed by Bloomberg had pointed to an increase of 8 percent, for a total of 1.3 million. Most companies posted modest gains as the overall industry rose 5.3 percent. Sibling Kia kept a short winning streak alive with a 6.8 percent increase. Related Topics
- 2. FCA's incentive spending decreased 3.2 percent year-over-year, roughly in line with the overall industry's decline of 2.9 percent, according to TrueCar. chng. BMW Group 28,998 24,551 18.1% 51,284 45,422 12.9% BMW division 25,201 22,017 14.5% 44,182 40,270 9.7% Mini 3,720 2,459 51.3% 6,948 5,002 38.9% Rolls-Royce 77 75
- 4. 458 941 -51.3% 950 1,462 -35.0% Daimler AG 25,749 24,971 3.1% 52,365 49,384 6.0% FCA U.S. 163,586 154,866 5.6% 308,593 282,049 9.4% Alfa Romeo 47 - -% 144 -
- 7. 837 -42.5% 933 1,405 -33.6% Fiat Chrysler Automobiles+ 164,244 155,878 5.4% 309,880 283,804 9.2% Ford Motor Co. 179,673 183,349 -2.0% 357,114 336,843 6.0% Ford division 173,509 176,688 -1.8% 344,331 324,209 6.2%
- 8. Lincoln 6,164 6,661 -7.5% 12,783 12,634 1.2% Ford Motor Co. 179,673 183,349 -2.0% 357,114 336,843 6.0% General Motors 231,378 222,104 4.2% 434,164 393,590 10.3% Buick 17,418 19,192 -9.2% 29,971
- 12. 5.2% Hyundai Group 96,535 90,221 7.0% 179,339 171,237 4.7% Jaguar Land Rover 6,327 5,558 13.8% 12,874 11,579 11.2% Jaguar 1,410 1,552 -9.1% 2,676 2,899 -7.7% Land Rover 4,917 4,006 22.7%
- 20. 79,767 78,408 1.7% Volvo Cars NA 4,012 3,991 0.5% 7,806 7,783 0.3% Volvo Cars NA 4,012 3,991 0.5% 7,806 7,783 0.3% Other** 118 116 1.7% 236 232 1.7% TOTAL 1,258,570
- 21. 1,194,679 5.3% 2,411,050 2,208,105 9.2% Larry Vellequette, Mike Colias and Ryan Beene contributed to this report. Ford Motor sales fell 2 percent. "We're still seeing a strong market for trucks and SUVs -- especially compact crossover SUVs, which continue to ride an impressive wave of popularity. "In spite of the recent rebound, fuel prices remain low and continue to provide a significant boost to consumer disposable income." "I don't think there's any question things were slow a little bit in the last week," said Mark LaNeve, Ford's vice president of U.S. On the truck side, the RAV4 climbed 33 percent. CLICK ON COLUMN HEADERS TO SORT BY FIELD. Acura sales rose 13 percent, helped in large part by the new TLX. market share this year through February, while Ford, Nissan, Honda and Hyundai-Kia have lost ground. Meanwhile, low interest rates, wide availability of long loans and aggressive lease offers continued to pull customers in. http://www.autonews.com/article/20150303/RETAIL01/150309968/fiat-chrysler-posts-6-sales-gain-po wered-again-by-jeep Among major automakers, GM and Toyota have gained U.S. Bright spots included the Explorer and Mustang, with both nameplates increasing 32 percent. AutoNation's 8% sales gain beats market for Feb. Fiat Chrysler Canadian sales top Ford in February; GM, Toyota rise Lexus jumps back into U.S. completed the acquisition of Chrysler Group LLC on Jan. As with its biggest Japanese rivals, Honda's luxury unit outpaced the mainstream brand. In a research note today, Wells Fargo analyst Richard Kwas stressed that sales delayed by bad weather in February would be shifted to this month. Related Stories
- 22. Jeep continued to set the pace for FCA, with a 21 percent gain. gasoline prices, after falling for a record 123 consecutive days, turned higher in late January and climbed for 35 consecutive days, AAA said Monday. chng. 2 month 2015 2 month 2014 Pct. A 12 percent drop for the Accord limited Honda Division's increase to 4.1 percent. "The underlying fundamentals supporting growth in 2015 remain solid," Yong Yang, Ford's chief economist for the Americas, said today. While last month's pace trailed January's hot start, the industry has taken solid early strides towards its sixth year of sales advances since the recession. A metric calculated by Morgan Stanley as a predictor of auto sales climbed to the highest level in more than a decade last month. Automaker Feb. FCA's share remains flat at 12.9 percent. American Honda extended its monthly winning streak to seven with a 5 percent lift. Combined sales of pickups, SUVs and vans jumped 36 percent from a year earlier, while demand for GM's highest- volume cars plunged. marketing, sales and service. Fuel prices on the rise At Nissan North America, the Infiniti luxury brand surged 20 percent, while the Nissan Division gained 1.1 percent. The advance was spurred by a 22 percent increase at Lexus, which set a February record in recording its third straight double-digit gain. Incentives fall advertising Industrywide, incentives averaged $2,623 per vehicle, 1.4 percent higher than January, when sales rose 14 percent. TrueCar said incentives jumped 10 percent for the Hyundai brand and 35 percent, to $3,000 per vehicle, for Kia. » Click here for more detailed sales data » Click here to skip the data and read the article FEBRUARY U.S. Overall, though, analysts say demand is being driven by the strengthening economy, not artificially by incentives.
- 23. Hyundai rose 7.1 percent, helped by the Genesis, Sonata and Santa Fe. Toyota's top-selling cars, the Corolla and Camry, were up 10 percent and 14 percent, respectively. AUTO SALES Toyota, Subaru among rare big gainers; Ford, VW fall Said Kwas: "We believe March could be positioned for a strong SAAR headline." Overall sales came in at 1.26 million. luxury race; BMW tops Mercedes Crossover sales help lift Toyota above Ford Infiniti surge helps Nissan gain 2.7% and outsell Honda Fiat Chrysler rises 6% on SUV, pickup, Chrysler 200 demand Ford slips 2% on soft car performance, tight F-150 supplies GM's sales up 4.2% as trucks soar, cars dive VW, Porsche hit by weather, port troubles, but Audi extends streak Hyundai-Kia ride Sonata, Genesis to 7% gain In February snow, buyers want 4x4s Likewise, the 16.24 million SAAR -- the lowest since April -- was below analysts' consensus of 16.6 million. Toyota Motor Sales tallied a 13 percent rise in outselling Ford Motor Co. The VW brand lost momentum, too, down 5.2 percent. They remain well below the $4-a-gallon level that drivers had been experiencing, though. Toyota reported sales of 180,467 Toyota, Scion and Lexus vehicles, with light trucks setting a February record. Brand by brand Truck brand GMC led the way for GM with a 19 percent gain, its fourth-straight monthly double-digit increase. Lincoln ended a streak of five straight double-digit gains, falling 7.5 percent. West Herr Kia in Orchard Park, N.Y., was advertising three-year leases on the 2015 Forte sedan for as low as $89 a month and a 2014 Cadenza at $9,000 off the sticker price of $35,975. "Ideal credit conditions allow consumers to upgrade to bigger, more expensive vehicles," Morgan Stanley analyst Adam Jonas wrote in a report last week. Consumer confidence hit an 11-year high in January before declining slightly in February. sales increases for February as severe winter weather crimped demand more than analysts had forecast. You can reach Dave Versical at dversical@crain.com.
- 24. Among companies with more than a point of U.S. Chevrolet rose 3.8 percent. Dodge sales fell 15 percent, and Fiat was down 5.1 percent. BMW Group climbed 18 percent, as its namesake brand outsold Mercedes-Benz (excluding Sprinter) in a seesaw luxury sales race. It is likely that the hard-hitting winter weather motivated some buyers to upgrade from their two-wheel drive vehicles."
- 25. Rising gasoline prices and record cold and snow in many states did little to curb demand, analysts had said before today. 12, 2014. *Estimate **Includes estimates for Aston Martin and Lotus The Jeep Cherokee posted record February sales. Sharply higher truck deliveries led General Motors to a 4.2 percent February gain. GM, Ford Motor and Nissan North America each cut incentives by more than that. The only major automaker to significantly boost discounts was Hyundai-Kia Automotive. Toyota, Subaru among rare big gainers; Ford, VW fall Fiat Chrysler extended its streak of year-over-year gains to 59 consecutive months with a 5.6 percent increase. Volkswagen Group deliveries fell 2 percent, ending a four-month run on the plus side. Cadillac sales dropped 13 percent and Buick sales fell 9.2 percent amid weak demand across its car lineup. The automaker said it remains hampered by tight inventories of the aluminum-bodied 2015 F-150, which began shipping to dealers in November. Much smaller rival Mitsubishi was up 26 percent, while Jaguar Land Rover climbed 14 percent. Toyota and Subaru joined a handful of smaller automakers in posting double-digit U.S. The namesake brand dropped 1.8 percent, its fourth decline in the last six months