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Ford, General Motors Hit Sales Slump

March 1, 2018

Via: Fortune
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GM, Ford, and Fiat Chrysler Automobiles all experienced a drop in U.S. auto sales in February compared to the same month last year, as incentives aimed at boosting the end-of-the-year sales ended.

There were a few bright spots within each automaker’s portfolio. But the overall theme in February was decline.

General Motors

GM reported sales of 220,905 vehicles in February, a 6.9% decrease compared with the same period in 2017. Chevrolet and GMC brands were largely responsible for the decline. Cadillac, GM luxury brand, was one bright spot with a 14% bump in sales, an increase driven by its XT5, ATS and Escalade vehicles.

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