ICYMI: February Auto Sales Missed Expectations This Week
February auto sales disappointed this week, as every reporting automaker posted lower than expected sales.
Total U.S. sales came in at 1,257,619 vehicles, an increase of 5.3 percent, while analysts had expected an increase of 7.1 percent, according to Reuters.
Industry observers and analysts weighed in on the results Tuesday and many cited weather conditions as a possible factor, but acknowledged that February of 2014 also saw difficult weather conditions.
A rise in gas prices and a decline in consumer confidence were also mentioned as factors that could have weighed on sales.
Looking out ahead at 2015, one analyst thought February's dip was momentary and that the industry is still very strong.
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