U.S. Auto Sales Rise, US auto sales rose at a seasonally adapted anniversary amount of 17.43 actor in February, according to WardsAuto.
Autodata called the accretion at 17.54 million, according to CNBC.
Analysts had anticipation that auto sales rose at a seasonally adapted anniversary amount of 17.70 million, up from 17.46 actor in January, according to Bloomberg.
Most of the automakers ashamed expectations, with Ford announcement the better beat. Its shares jumped as abundant as 4% in aboriginal trading.
GM acquaint an abrupt decline, and Volkswagen sales aswell fell as the aggregation continues to reel from its emissions scandal.
The year kicked off with sales growing at the fastest clip back 2000.
In a agenda to audience previewing the data, Deutsche Bank economists declared this address as a part of their top 5 indicators. That's because cars are big-ticket items, so they are about bought if households are assured about their assets prospects. Also, they're a acceptable barometer of customer spending.
Here's the scoreboard:
Fiat Chrysler: +11.8% (+9.2% expected)
Nissan: +10.5% (+7.2% expected)
Ford: +20.2% (+12.6% expected)
GM: -1.5% (+5.1% expected)
Honda: +12.8% (8.8% expected)
Mazda: -16%
Volkswagen: (-13%)
Toyota: +4.1% (+4.9% expected)
BMW: -12.4%
Porsche: +11.2%
Hyundai: +1%
Kia: +13%
Autodata called the accretion at 17.54 million, according to CNBC.
Analysts had anticipation that auto sales rose at a seasonally adapted anniversary amount of 17.70 million, up from 17.46 actor in January, according to Bloomberg.
Most of the automakers ashamed expectations, with Ford announcement the better beat. Its shares jumped as abundant as 4% in aboriginal trading.
GM acquaint an abrupt decline, and Volkswagen sales aswell fell as the aggregation continues to reel from its emissions scandal.
The year kicked off with sales growing at the fastest clip back 2000.
In a agenda to audience previewing the data, Deutsche Bank economists declared this address as a part of their top 5 indicators. That's because cars are big-ticket items, so they are about bought if households are assured about their assets prospects. Also, they're a acceptable barometer of customer spending.
Here's the scoreboard:
Fiat Chrysler: +11.8% (+9.2% expected)
Nissan: +10.5% (+7.2% expected)
Ford: +20.2% (+12.6% expected)
GM: -1.5% (+5.1% expected)
Honda: +12.8% (8.8% expected)
Mazda: -16%
Volkswagen: (-13%)
Toyota: +4.1% (+4.9% expected)
BMW: -12.4%
Porsche: +11.2%
Hyundai: +1%
Kia: +13%
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