Nissan, Honda sales up in February; Toyota down
U.S. auto sales were expected to cool off slightly in February, according to most analysts. Edmunds.com forecasted a 1% decline, Kelley Blue Book projected a 3.3% decrease and TrueCar subsidiary ALG predicted a 1.4% decline. LMC Automotive projected a 0.6% increase.
Here's how the foreign automakers fared:
Nissan
Edmunds forecast: -1%
Kelley Blue Book forecast: -2.2%
ALG forecast: -5.3%
Actual results: 3.7%
The Japanese automaker posted a surprising increase in sales for February, as sales rose to 135,740 units. Its namesake brand increased 1.2%, while its Infiniti luxury brand rose 32.5%.
Like the rest of the business, Nissan's crossovers, sport-utility vehicles and trucks led the way, rising 22%. That included a February record for the red-hot Rogue crossover, which rose 53.7% to 33,149 units.
But car sales plunged 12% for the month, including double-digit declines for the Versa and Sentra.
Discounts are giving sales a jolt. Nissan incentives per unit were $3,975 in February, up 17.1% from a earlier, according to ALG.
Toyota
Edmunds forecast:-4.4%
Kelley Blue Book forecast: -6.9%
ALG forecast: -1.6%
Actual results: -7.2%
The Japanese automaker's slump continued as its car sales plunged 17.2% amid low gasoline prices, which are nudging consumers into bigger vehicles.
Overall the company sold 174,339 vehicles in the U.S. in February. Toyota's namesake brand recorded a 5.4% decline in sales to 156,001 vehicles, while the Lexus luxury brand fell 20.6% to 18,338 units.
Honda
Edmunds forecast: -1.1%
Kelley Blue Book forecast: -0.8%
ALG forecast: 2.5%
Actual results: 2.3%
The Japanese automaker sold 121,686 vehicle in February. That included a 12.2% increase in sales of trucks, SUVs and crossovers and a 6.9% decrease in sales of cars.
Volkswagen Group
Edmunds forecast (includes only VW and Audi brands): 13.6%
Kelley Blue Book forecast: 14.4%
ALG forecast: 15.2%
Actual results: See below.
The company's namesake VW brand posted a 12.7% increase to 25,145 vehicles. The luxury Audi brand posted a 17% increase to 13,741 vehicles.
The overall sales performance, which includes the Porsche brand, was not yet available.
Follow Paste BN reporter Nathan Bomey on Twitter @NathanBomey.