GM, Nissan Beating U.S. Sales Estimates Tempers Inventory Angst
- Ford posts narrower February decline than analysts projected
- Toyota and Fiat Chrysler drop on down month for Lexus, Jeep
Who Were February's U.S. Auto Sales Winners and Losers?
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General Motors Co. and Nissan Motor Co. posted U.S. sales gains that beat analysts’ estimates, as surging demand for pickups and sport utility vehicles tempers concerns about swelling inventory on dealer lots.
GM said deliveries climbed 4.2 percent last month, while Nissan reported a 3.7 percent increase and Ford Motor Co.’s sales dropped less than analysts estimated. The companies were buoyed by consumers snapping up Chevrolet Silverado trucks, Nissan Rogue crossovers and Ford Escape SUVs.