Home
 
Choose Your City
Change City

Feb. auto sales jump despite gas price spike

U.S. auto sales rose more than 20 percent in February as the lure of discounts from automakers led by General Motors Co. outweighed concerns about higher oil prices.

U.S. auto sales rose more than 20 percent in February as the lure of discounts from automakers led by General Motors Co. outweighed concerns about higher oil prices.

The gain in industry-wide sales topped analyst expectations, according to initial sales data, putting the industry on track for its highest sales rate since August 2009 when the government’s “cash for clunkers” credits spurred a short-lived boom.

GM led the industry with a 46 percent sales gain, stoked by incentives that also led the industry at an estimated $3,700 per vehicle on average in February.

 
Consider AlsoFurther Articles