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US auto sales slow to annualized pace of 16.2 million in February

Sam Ro and Myles Udland
auto car dealership
auto car dealership

(Flick via Google Images) Car sales in February disappointed.

In February, the pace of car sales slowed to 16.23 million units, according to AutoData.

Analysts were looking for a pace of 16.7 million in February.

The biggest miss was from Ford, which saw sales unexpectedly fell 2.0%, much worse than expectations for a 5.8% jump.

Sales from Fiat Chrysler, Nissan, General Motors, Honda, and Toyota also missed expectations.

Toyota reported sales rose 13.3% in the US in February, missing expectations for a 15% increase.

Fiat Chrysler's US auto sales increased by just 5.6% in February, missing analysts' expectations for 8.9%.

General Motors sales also missed expectations, rising 4.2% against estimates for a 5.9% sales increase, while Nissan's sales rose 2.7% against expectations for a 3.8% increase.

Honda reported February US sales rose 5%, below expectations for an 11% increase.

Analysts estimate that the pace of US auto sales improved to an annualized rate of 16.7 million units in February from 16.56 million in January.

Here's our running tally of the numbers:

  • Fiat Chrysler: +5.6% (+8.9% estimated)

  • Nissan: +2.7% (+3.8% estimated)

  • Ford: -2.0% (+5.8% estimated)

  • General Motors: +4.2% (+5.9% estimated)

  • Honda: +5% (+11% estimated)

  • Toyota: +13.3% (+15% estimated)

  • Infiniti: +19.8%

  • Volkswagen: -5.17%

  • Mazda: +5.4%

  • Audi: +5.3%

  • Mercedes: +4.5%

  • Porsche: 3,202 vehicles, down 30

  • Hyundai: +7%

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