US February auto sales rise significantly
February auto sales in the United States rose at a seasonally adjusted annual rate in February of 17.43 million according to WardsAuto. Autodata put the rate at 17.54 million.
|2016 started off in January with sales growing at the fastest pace since 2000. February continues the trend upward — most companies beat expectations with Ford among the the leaders. Of the other big three, GM posted an unexpected decline while Fiat Chrysler did very well. Ford sales grew by a humongous 20.2 percent compared to last year while expected growth was 12.6 percent. GM sales declined by 1.5 percent while sales were expected to grow by 5.1 percent. Fiat Chrysler sales grew by 11.8 percent while expectations were for a growth rate of just 9.2 percent.|