FEBRUARY SALES
Detroit News article...
http://www.detnews.com/apps/pbcs.dll/article?AID=/20070301/UPDATE/703010474
Also...GM surprises with 3.7% gain; Ford sales drop 13.4%
Toyota gains 12.2 percent yet still ranks No. 4 for month
Dale Jewett | Automotive News / March 1, 2007 - 2:45 pm / UPDATED: 3/1/2007 5:20 P.M.
General Motors surprised industry watchers today by posting a 3.7 percent gain in U.S. sales for February, even as it said sales to rental fleets dropped 18 percent in the month from a year earlier.
And rival Toyota Motor Sales U.S.A. Inc. posted another double-digit percentage gain in monthly U.S. sales -- up 12.2 percent in February from a year earlier -- yet still ranked only No. 4 among automakers for the month.
U.S. auto sales in February totaled 1,255,105 units, down 0.5 percent from a year earlier. For the year to date, U.S. auto sales are down 2.4 percent from the same period of last year, to 2,346,421 units.
General Motors
GM's U.S. sales in February, including the Saab brand, totaled 308,411 units. For the year to date, GM's U.S. sales are down 6.4 percent from the same period last year, to 553,025 units.
GM, which offered 0 percent financing on some vehicles in a February sale, saw showroom sales rise 11 percent in the month, more than offsetting an 18 percent drop in lower-margin sales to fleet operators.
"The bottom line for us is the overall February performance was very solid. A bit above expectations, certainly on the retail side," said GM chief sales analyst Paul Ballew.
Ford
Ford Motor Co.'s U.S. sales dropped 13.4 percent in February from a year earlier, in part because sales to rental fleets were chopped by nearly one-third.
Ford Motor's U.S. sales -- which include the Aston Martin, Jaguar, Land Rover and Volvo brands -- totaled 210,030 units in February. After two months this year, Ford sales are down 16.0 percent from the same period in 2006, to 375,718 units.
Ford said today that it would cut production in North America by 14.2 percent in the second quarter.
Ford's sales analyst George Pipas attributed lower F-series pickup sales during February to the weaker economy, saying the No. 2 automaker would be in a position to raise production in the second half if the housing market steadied or interest rates eased.
DaimlerChrysler
February U.S. sales for DaimlerChrysler fell 7.7 percent from a year ago, to 191,829 units. For the year to date, the automaker's U.S. sales are down 2.8 percent to 365,225 units.
The Chrysler group said its U.S. sales fell 8.3 percent in February to 174, 506 units.
Dodge division today launched a new sales incentive aimed at truck buyers, offering Hemi V-8 engines at no additional charge to buyers of some models of the Ram pickup and Durango SUV.
Mercedes-Benz' U.S. sales fell 0.3 percent in February from a year earlier, to 17,304 units.
Toyota
Overall, Toyota Motor Sales U.S.A.'s sales in February jumped 12.2 percent to 187,330 units, and the Toyota and Lexus divisions set sales records for the month.
With the redesigned Tundra on sale, Toyota's pickup sales are certain to be watched closely. Toyota said it sold 9,669 units of the Tundra in February, down 8.5 percent from a year earlier.
Honda
Japanese rival American Honda Motor Co. posted a 3.2 percent gain in U.S. sales for February, to 110,026 units, as the Honda division set a sales record for the month.
U.S. sales of the Honda Accord jumped 20.1 percent in February from a year earlier, Honda said. Accord sales were fueled by a $199-a-month lease program.
Nissan
Nissan North America's U.S. sales rose 1.2 percent in February, to 85,218 units, on the strength of growing sales for the redesigned Nissan Altima and the new Nissan Versa cars.
Reuters contributed to this report.
Feb. Feb. Pct. 2 mos. 2 mos. Pct.
2007 2006 chng. 2007 2006 chng.
BMW* 24,672 22,050 11.9% 46,521 44,300 5.0%
DaimlerChrysler** 191,829 207,745 –7.7% 365,225 375,701 –2.8%
Ford Motor Co.*** 210,030 242,652 –13.4% 375,718 447,175 –16.0%
General Motors**** 308,411 297,481 3.7% 553,025 590,612 –6.4%
American Honda† 110,026 106,644 3.2% 210,816 205,038 2.8%
Hyundai Group†† 58,012 54,733 6.0% 108,257 103,051 5.1%
Isuzu 559 796 –29.8% 1,059 1,504 –29.6%
Mazda 22,067 23,580 –6.4% 41,332 41,757 –1.0%
Mitsubishi 9,726 7,977 21.9% 19,109 15,446 23.7%
Nissan††† 85,218 84,241 1.2% 167,862 160,132 4.8%
Porsche 1,967 2,700 –27.1% 4,951 5,932 –16.5%
Subaru 12,874 13,635 –5.6% 24,948 26,019 –4.1%
Suzuki 8,585 8,542 0.5% 16,764 15,752 6.4%
Toyota‡ 187,330 166,940 12.2% 363,180 327,565 10.9%
VW‡‡ 23,208 21,408 8.4% 46,459 43,938 5.7%
Other (estimate) 591 545 8.4% 1,195 1,098 8.8%
TOTAL 1,255,105 1,261,669 –0.5% 2,346,421 2,405,020 –2.4%