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Tuesday, March 02, 2010

General Motors: February Sales increase 12% compared to Feb 2009

by Calculated Risk on 3/02/2010 10:36:00 AM

From CNBC: GM's US Auto Sales Rise 11.5 Percent in February

General Motors says its February sales rose 11.5 percent compared with the same month last year ...
This is based on a very easy comparison; in February 2009 U.S. light vehicle sales fell sharply to 9.143 million (SAAR) following the financial crisis and reports of the then impending bankruptcy of GM and Chrysler. February 2009 was the bottom for auto sales.

I'll add reports from the other major auto companies as updates to this post. Toyota will be especially interesting because of the quality issues.

UPDATE1: via MarketWatch: Ford's U.S. Sales Up 43 Percent

UPDATE2: MarketWatch: Toyota U.S. Feb. sales fall 8.7% to 100,027 units

UPDATE3: From MarketWatch: Chrysler U.S. Feb. sales up moderately to 84,449

NOTE: Once all the reports are released, I'll post a graph of the estimated total February sales (SAAR: seasonally adjusted annual rate) - usually around 4 PM ET. Most estimates are for a decline into the low to mid 10s from the 10.76 million SAAR in January.