Ford, GM, FCA Sales Fall in February
March 2, 2018—GM, Ford, and Fiat Chrysler Automobiles all experienced a drop in U.S. auto sales in February compared to the same month last year, as incentives aimed at boosting the end-of-the-year sales ended, reported Fortune.
There were a few bright spots within each automaker’s portfolio. But the overall theme in February was decline.
GM reported sales of 220,905 vehicles in February, a 6.9 percent decrease compared with the same period in 2017. Chevrolet and GMC brands were largely responsible for the decline. Cadillac, GM luxury brand, was one bright spot with a 14 percent bump in sales, an increase driven by its XT5, ATS and Escalade vehicles.
Ford reported sales of 194,132 vehicles, a 6.9 percent drop from the 208,440 cars it sold in February 2017 and an almost 17 percent decline from the 161,143 cars it sold in January.
Ford saw declines in both its SUV and passenger cars. Its truck sales, however, held steady showing a 1.2 percent increase to 84,384 from the same month last year.
Fiat Chrysler Automobiles sold 165,903 vehicles in February, a 1 percent decrease from the same month last year. However, the company did rebound 22% from slow sales in January when it sold 132,803 vehicles.
Jeep, a well-performing brand for FCA, did well. Jeep sales increased 12 percent in February to 70,020 vehicles, led by demand for the Jeep Renegade and Jeep Wrangler. Wrangler sales increased 17 percent to 15,936 vehicles while Renegade rose 4 percent to 8,249 vehicles.