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|Automaker||Feb. 2014||Feb. 2013||Pct. chng.||2 month
|Ford Motor Co.||–||–||–%||–||–||–%|
|Jaguar Land Rover||–||–||–%||–||–||–%|
|Volvo Automobiles NA||–||–||–%||–||–||–%|
Numbers in this table are calculated by Automotive News based mostly on actual regular monthly sales reported by the producers and may possibly vary from numbers reported elsewhere.
Supply: Automotive Information Information Center
†Fiat S.p.A. obtained the remaining 41.46% stake in Chrysler Group from the UAW’;s VEBA Trust on Jan. 20, 2014.
**Contains estimates for Aston Martin, Ferrari, and Lotus
FEBRUARY U.S. Car Product sales
Indications of a late-month lift as winter climate eased
Chrysler Group and Nissan posted double-digit U.S. sales increases in February, even though Basic Motors, Ford and Toyota cited extreme winter weather for a drop in deliveries.
Outcomes were mixed between other makers, as the industry fought to shake off a sluggish December and January. All-wheel-drive specialist Subaru plowed its way to a 24 % acquire final month, whilst the Volkswagen brand continued to struggle, down 14 percent.
GM, Ford Motor Co., and Toyota Motor Corp. all said the tempo of sales picked up at the finish of February as storms and cold abated, at least temporarily.
Jeep Cherokee product sales totaled eleven,795 final month.
“Climate continued to effect the sector in February, but GM income started to thaw for the duration of the Winter Olympic Games as our brand and marketing and advertising messages took hold,” Kurt McNeil, U.S. vice president of GM’;s income operations, mentioned in a statement.
Chrysler’;s revenue rose 11 percent, extending the company’;s streak of year-in excess of-year gains to 47 consecutive months. Deliveries rose 47 % to 45,946 units at Jeep, a February record for the brand, and 28 percent at the Ram brand.
Overall, Chrysler Group’;s light truck revenue rose 27 %, offsetting a 15 % decline in vehicle deliveries. Volume rose one percent at the Chrysler brand and 5 % at Fiat, but slumped 11 % at Dodge.
GM’;s U.S. dealers delivered 222,104 vehicles final month, a drop of one %, with retail and fleet volumes both down one %.
Buick was the only GM brand to post a gain — 19 %. Volumes fell 3 percent at Chevrolet and Cadillac, and one percent at GMC. Income of the Chevrolet Silverado pickup dropped twelve %.
GM’;s closely watched stockpile of autos and light trucks stood at 805,769 units — equal to an 87-day provide — at the finish of the month.
“In spite of a slower commence to 2014 than most folks anticipated, we look forward to a quite successful yr, backed by plenty of new products and what need to be the strongest GDP growth considering that the finish of the recession,” GM’s McNeil stated.
Toyota Motor revenue fell 4 %, for the company’s third straight regular monthly decline.
At Ford, income slipped 6 %, with volume off 6 % at the Ford division. Lincoln’;s U.S. deliveries jumped 36 % to 6,661 units on MKZ demand.
“Revenue surged in the final week, delivering us momentum soon after a slow start to the month,” John Felice, vice president of U.S. advertising, sales and service for Ford, explained in a statement.
Nissan Motor Co. posted a 16 % rise in U.S. revenue final month, with models this kind of as the redesigned Rogue crossover, Frontier pickup and Altima sedan driving the gains.
Product sales at the Nissan division rose 17 percent and Infiniti deliveries advanced 6 percent, the organization mentioned in a statement. The Nissan brand has now set a month to month U.S. income record in 11 of the final twelve months.
Overall, Nissan North America’;s vehicle product sales rose 8 % and light truck volume surged 31 percent.
Product sales of the Rogue jumped 73 %, Altima deliveries sophisticated eleven % and Frontier volumes rose 112 percent.
Fred Diaz, Nissan’;s senior vice president for U.S. product sales and advertising and marketing, parts and support, stated robust retail demand for Nissan’;s core models led the gains “despite the frigid temperatures and weather-connected challenges.”
Amid automakers that have not but reported, Honda Motor Co. was projected by analysts to submit a decline.
Extreme cold and record snowfall across big swaths of the nation crimped showroom visitors in early February, extending climate-relevant weakness that continued in January, when industry sales skidded 3 percent.
U.S. light-vehicle sales were projected to rise .3 % in February to nearly one.2 million units, based on the common of 6 analysts polled by Bloomberg.
The seasonally adjusted annualized income price was forecast to rise to 15.4 million, from 15.3 million in February 2013 and 15.2 million in January, based on 13 analysts surveyed by Bloomberg.
Chrysler nowadays estimated the February SAAR will come in at 15.8 million units, such as about 300,000 medium and heavy-duty truck units. GM pegged the light-car SAAR at 15.4 million.
At the start of the 12 months, most forecasters predicted a fifth straight year of growing revenue for the U.S. sector, to much more than sixteen million. Final year’;s tally was 15.6 million.
Soft fleet shipments that also dampened industry volumes in January could also undermine February income, some analysts explained.
Ford stated its fleet product sales have been off 10 % in February with winter weather blamed for a delay in some orders. The organization said fleet volumes are expected to be produced up in March.
Growing inventories and lackluster showroom visitors prompted some automakers and dealers to hike incentives in the ultimate days of February.
TrueCar.com estimates the typical incentive per unit will be about $ 2,633 in February, an improve of 5.one % from February 2013 and 3.3 percent higher than January.
“We expect elevated incentive paying to proceed,” Larry Dominique, president of ALG and executive vice president of TrueCar, stated in a statement final week. “March is going to be a ‘must-win’; month for dealers if they hope to have a effective 2014.”
GM and Ford last week ramped up special discounts on many designs, extending bargains by way of March to lure buyers back into winter-ravaged showrooms.
Some of the fattest discount rates are currently being presented by Ford and Chevrolet dealers on full-sized pickups — $ 8,000 and a lot more on the 2014 Ford F-150 and $ 9,000 and more on the 2014 Chevrolet Silverado, according to Internet listings.
Dealers also are sweetening discounts on a wider variety of autos and light trucks, from lower-priced economic climate cars this kind of as the Chevrolet Sonic to popular crossovers such as the Ford Escape.
In San Antonio, Honda dealers are providing .9 percent financing on loans of 24 months to 60 months on some the company’;s most popular designs, this kind of as the Civic, Accord and CR-V.
“We sensed retail demand throughout the last 2 weekends in February was comparatively very good,” Wells Fargo analyst Richard Kwas explained.
The rise in special discounts, along with larger stockpiles, has prompted some fears of an escalating “price reduction war” amongst key makers.
“We feel brief-term pent-up demand is creating, but it’;s difficult to know when it will be launched,” analyst Joseph Spak of RBC Capital Markets said. “It could be March or spread out in excess of a few months (and) is also likely dependent on the climate.”
Automakers had been nevertheless in a position to sustain record transaction prices in February, with the industry regular topping $ 29,000, according to analysis company J.D. Electrical power and Associates.
Analyst Brian Johnson of Barclays Capital mentioned U.S. car inventories are down somewhat from January, but so far automakers have maintained fairly sturdy initial-quarter manufacturing schedules.
“Should stock amounts continue to be elevated by means of April, we could see the problem addressed” through larger incentives or production cuts, Johnson explained.
Reuters contributed to this report.
You can attain David Phillips at email@example.com.