General Motors Co. joined Chrysler Group LLC and Nissan Motor Co. in beating analysts’ estimates for February U.S. sales while Ford Motor Co., Toyota Motor Corp. and Honda Motor Co. did worse than projected.
The Ford brand is closing in on Toyota as the favorite of retail auto buyers, a sign of rising popularity of the Fusion mid-size car and Escape sport-utility vehicle, and of growing dismay with the Japanese manufacturer.
The polar vortex that blasted through much of the United States last month made selling cars as difficult as moving the snow mounds that rose up around David Martin’s dealership near New Hampshire’s Mt. Washington.
Saudis driving F-150 pickup trucks and Chinese coveting Jeep sport-utility vehicles mean more automobiles are filling up ships leaving U.S. ports, boosting revenue for vessel operators including Wilh. Wilhelmsen ASA.
General Motors Co., seeking to clear out end-of-model-year vehicles, said it will offer no-haggle pricing on 2012 Chevrolet cars and trucks plus a money-back guarantee on all new Chevys as the brand loses ground to Toyota.
General Motors Co. extended rebates to more employee family members on purchases of its vehicles and boosted the discounts after the largest U.S. automaker’s first monthly sales decline in more than a year.
Tesla Motors Inc., the luxury battery-car company run by billionaire Elon Musk, is North America’s rechargeable auto sales leader so far this year as its Model S sedan passed General Motors Co.’s Chevrolet Volt.