Weather Slows Auto Sales

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Severe winter weather again slowed U.S. vehicle sales in February, with several major automakers missing analysts’ projections and dampening bullish expectations, according to Reuters.

General Motors said U.S. February sales climbed 4 percent to 231,378. Ford Motor Co.’s sales dropped 2 percent to 180,383. Fiat Chrysler Automobiles posted an increase of 6 percent to 163,586. Nissan Motor Co.’s sales were up 3 percent to 118,436.

Domestic luxury brands took a beating in February, with GM’s Cadillac down 13 percent and Ford’s Lincoln off 7 percent. Also hurting were sales of electrified vehicles, with the Chevrolet Volt hybrid sliding 43 percent and the Nissan Leaf down 16 percent.

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