The leading auto makers in the US on Tuesday showed a cold steam in their sales in February as the harsh winters crippled most parts of the country, hurting the automobile industry.
The analysts had expected robust sales gains by the auto industry in February after last year’s bone-chilling winters left many buyers to stay at their homes.
In February, both Nissan Motor Co. and Fiat Chrysler Automobiles NV were found missing the analysts’ expectations in their sales. The sales of auto maker Ford Motor Co. fell two percent in the month.
General Motors Co. stood out among its rivals after it posted a rise of 4.2 percent in its sales, which is better-than-expected, as its sales of truck surged to an impressive 36 percent.
The GMC brand of General Motors showed a 19.3 percent increase in its sales, and the Chevrolet sales gained 3.8 percent. Sales of both Buick and Cadillac declined 9.2 percent and 12.6 percent respectively.
Ford said that it delivered 180,383 vehicles in February after its Lincoln brand had a 7.5 percent drop in sales and its namesake brand posted a 1.7 percent fall.
The car sales fell 8.1 percent, offset in part by a rise of four percent in the sales of truck.
Nissan said that its sales grew 2.7 percent to 118,436 last month, missing the expectations for a 7.2 percent rise after its car sales plunged 2.9 percent, but its truck sales grew 11.5 percent. The sales of its Infiniti division rose 19.8 percent, while Nissan division surged 1.1 percent.
The sales of Fiat Chrysler increased six percent to 163,586 last month. The Edmunds.com sales posted an 8.2 percent surge. Its Ram brand reported a 12 percent increase in its sales, as the Jeep brand reported a 21 percent surge in sales.
Chrysler’s projections for the total industry sales in the US were at a seasonally adjusted annual rate of 16.5 million units. Edmunds, on the other hand, made forecast of 16.6 million units.