US automobile giants on Tuesday reported losing steam in their sales in the month of February, after posting a string of strong months, amid bone chilling winters that crippled most part of the country.
Auto maker Ford Motor Co. said that its sales dropped 2 percent in February. On the other hand, both Nissan Motor Co. and Fiat Chrysler Automobiles NV missed expectations in their sales. General Motors Co. was a standout as it posted a better-than-expected 4.2 percent rose as its truck sales jumped 36 percent.
General Motors’ GMC brand witnessed a 19.3 percent rise in its sales, while the sales of its Chevrolet picked up 3.8 percent. Buick sales dropped 9.2 percent and Cadillac sales dropped 12.6 percent.
According to Ford, the company delivered 180,383 vehicles in February after its Lincoln brand had a 7.5 percent fall and its namesake brand showed a 1.7 percent decline.
The sales of car dropped 8.1 percent, offset in part by a four percent surge in truck sales.
Fiat Chrysler’s sales rose 6 percent to 163,586 in February. The sales of Edmunds.com witnessed an 8.2 percent increase. Its Ram brand posted a 12 percent rise in its sales, as the Jeep brand reported a 21 percent gain in sales.
According to Nissan, its sales in February grew 2.7 percent to 118,436. The figures missed the expectations for a 7.2 percent surge, as car sales dropped 2.9 percent and truck sales grew 11.5 percent. The sales grew 19.8 percent in its Infiniti division, and the sales in Nissan division gained 1.1 percent.
The total industry sales as projected by Chrysler in the United States are at a seasonally adjusted rate of 16.5 million units annually. On the other hand, Edmunds had made forecast of 16.6 million units.