News

February Car Sales Expected to Fall

This article is from our older website archives. Some content may not be formatted or attributed properly. Please Contact Us if you feel it needs to be corrected. Thank you.

Experts have been worried that the U.S. car industry cannot continue to grow annually, according to Yahoo Finance. Results this year have started to calm that anxiety. Car and light truck sales are expected to fall by 3.3 percent in February but hold at an annual sales rate of close to 17 million. The manufacturer that will suffer the most is Fiat Chrysler Automobiles N.V. (FCAU), the sales of which are forecast to drop 7.6 percent. Volkswagen sales are expected to rise about 14 percent as the company begins to recover from its diesel engine output scandal.

According to Kelley Blue Book (KBB), February sales will total 1.3 million cars. KBB analyst Tim Fleming commented:

Retail growth for manufacturers will be tough to achieve in February, as consumer demand remains relatively flat despite increased incentives. Regardless of the expected dip in overall volume, Yahoo Finance reports that at a SAAR of more than 17 million, the sales pace for the industry is healthy, and more importantly, looks to be sustainable as we head into the high volume selling months ahead.

Read more here.

Tags

Related Articles

Back to top button
Close