Automakers' Best February Since 2000 Aided by Cheap Gas, Holiday
- Ford, Fiat Chrysler exceed estimates as rate hits 17.5 million
- GM falls short of consensus as it pulls back on rental fleets
Fiat CEO: U.S. Auto Sales Not Returning to 2009 Depths
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Ford Motor Co., Fiat Chrysler Automobiles NV and Honda Motor Co. led automakers as the U.S. posted the best February sales since 2000, with buyers taking advantage of cheap gasoline, low interest rates and Presidents Day deals.
The results bolstered prospects that the U.S. could see another record year for vehicle sales, a bright spot in an economy that has slowed of late. While General Motors Co. posted an unexpected decline, its shares rose as investors rewarded its strategy of selling fewer low-priced, low-profit vehicles into rental fleets.