The harsh winter weather continued to weigh on sales for some major automakers in February, as the nation's top two automakers both reported U.S. sales declines.
General Motors and Ford both experienced a slow start to February -- a month when GM saw a 12% decline in sales of the Chevy Silverado, its top-selling vehicle. GM's overall sales fell 1% in February, actually beating analyst expectations of a drop of 6%, according to Thomson Reuters. And Ford saw U.S. sales fall 6% from a year ago, slightly beating expectations as well.
It wasn't bad news from all automakers, however. Nissan reported a surprising 16% increase in auto sales to more than 115,000 vehicles, led by the Rogue crossover SUV. That handily beat analyst expectations of a rise of 12%, according to Thomson Reuters. Chrysler sales rose 11% to about 155,000 vehicles, led by the Ram pickup and Cherokee SUVs, also exceeding expectations of a gain of 8%.
In New York, I'm Brittany Umar for TheStreet.
-- Written by Brittany Umar in New York