Business
Frigid Cold Hurts US Auto Sales in February
A car makes its way down a street filled with snowed-in vehicles in Boston’s Charlestown section, Wednesday, Jan. 28, 2015 one day after a blizzard dumped about two feet of snow in the city. (AP Photo/Elise Amendola)
(West Texas News) – Freezing temperatures affected US auto sales in February. But even after considering the impact of cold weather, majority of the automakers have reported gains all thanks to the strong economy.
Toyota was at the top of the gainers list, with a 13.3% gain over last February. Chrysler, General Motors, Honda and Nissan witnessed gains of 5% or less. US sales of Ford were down 1.9% and one of the main reasons for the dip was dealers did not have sufficient inventory to meet demand for the new F-150 pickup truck.
Volkswagen’s sales fell 5.2%. Sales of Jeep Cherokee jumped 19% in February. The forecasting firm LMC Automotive is expecting US sales to top 17 million this year. Experts affirmed that as temperatures increased at the end of the month, some customers came out of hibernation.
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