Ford Posts Double-Digit Sales Growth in February; GM Sees Unexpected Decline
Ford posted impressive sales growth in February, driven by strong SUV sales, while General Motors’ sales dropped.
Ford (F) posted impressive sales growth in February, driven by strong SUV sales, while General Motors’ (GM) sales dropped. Ford’s sales grew 20 percent year-over-year to 217,192 vehicles. General Motors posted a 1.5 percent decline in February sales, while analysts were expecting a 5.1 percent increase. Total sales stood at 227,825 units and the decline was attributed to lower sales to rental car companies. Nissan (NSANY) reported a 10.5 percent jump in sales to 130,911 vehicles, helped by Pathfinder SUV and Maxima sales. Toyota (TM) said it sold 189,852 cars in February, representing a 5.2 percent year-over-year increase, thanks to strength in light truck sales. TheStreet’s Scott Gamm has details from Wall Street.
