February Car Sales Rise As Buyers Ignore Washington, Gas Prices
Consumers largely ignored Washington's shenanigans over the sequester and didn't let rising gas prices deter them from buying cars or even large trucks last month. February vehicle sales surpassed 1 million units for the 12th consecutive month and the seasonally adjusted sales rate hit the mid 15-million mark for the fourth straight month.
February car sales totaled 1,192,352 vehicles, up 3.8 percent from February 2012 and 14.4 percent from January 2013. The U.S. auto industry now has recorded 1-million plus vehicle sales every month for a full year, according to Edmunds.com's records.
February car sales came in at a Seasonally Adjusted Annual Rate (SAAR) of 15.3 million light vehicles (excluding medium and heavy-duty trucks), the fourth consecutive month of mid 15-million SAAR. (February car sales results were off by only 6,186 units — or 0.5 percent — of Edmunds.com's forecast of 1,198,588 vehicle sales.)
Automakers reported February car sales on March 1, the same day the sequester went into effect. "You have to wonder if consumers are just becoming tone deaf to all of the noise that keeps coming out of Washington," said Lacey Plache, Edmunds.com's chief economist. "So far this year, we haven't seen any post-fiscal cliff impact on vehicle demand, and we shouldn't see an immediate impact from the sequester itself."
Instead, February car sales got a boost from a strong President's Day weekend, a popular time for promotions by automakers and dealers, said Jessica Caldwell, Edmunds.com's senior analyst in Santa Monica, Calif. "The month also had adverse conditions including higher gas prices, higher payroll taxes that left consumers with less spending money, the continuing sequester saga in Washington and big Northeast storms. Still, auto sales marched on."
The headwinds that have been in place for the past couple years — unleashing pent-up demand, widely available cheap credit and compelling new vehicles — outpaced the tailwinds.
Caldwell noted the average age of vehicles traded in during February continued at more than six years old — 6.24 years old to be exact. That was slightly higher than last February but is nearly a full year older than trade-ins during pre-recession February 2007.
The average finance rate for new vehicles purchased in February was a consumer-friendly 4.36 percent, according to Edmunds.com's analysis. Of consumers who financed their vehicles in February, 8.5 percent got a zero percent. That's slightly down from December and January but higher than last February.
New car incentives in February fell 2.3 percent from January to an average of $2,269 per vehicle but were up 2.6 percent from February 2012, according to Edmunds.com's proprietary True Cost of Incentives analysis. Nissan had the highest month-over-month increase in spending — up nearly 6 percent. Toyota had the sharpest decrease of nearly 13 percent. Of the major automakers, Honda spent the least on incentives at an average of $853 per vehicle — 62 percent below industry average.
New models continued to drive sales but so did sales of existing models, like the venerable Chevrolet Silverado, now in its last months in its current form. Speaking of truck sales, they soared in February despite higher gas prices while car sales dropped. Improvement in the housing market — housing starts directly correlate with pickup truck sales — is credited with the gain. GM, Ford and Toyota had big gains in truck sales.
"The industry is normalizing," said Caldwell. "We are several years removed from the General Motors and Chrysler bankruptcies, the Toyota recalls and the inventory issues caused by Japan's earthquake and tsunami. Year-over-year increases are normalizing. Automakers now must sell on the strength of their new models — and selling out old ones — to consumers with new fiscal sensibilities."
Looking ahead to this month, Caldwell noted March 31 is the end of the fiscal year for Japanese automakers, which often generates some interesting sales trends as they try to close the books on the best sales possible. Historically, March is one of the biggest months of the year in terms of sheer sales volume and is a good indicator for the underlying strength of the industry.
Plache warned consumers may not be able to ignore Washington forever. "If negotiations between Republicans and Democrats fail to make progress in the coming weeks, there's a chance that consumers will hold back on spending, including for big purchases like vehicles."
GM: General Motors sold 224,314 vehicles in February, up 7 percent from a year ago. Of those, 75 percent were sold to retail customers and 25 percent to government, commercial and daily-rental fleets, about the same mix as a year ago.
GM's total truck sales rose 14 percent from a year ago with sales of its full-size pickups up 28 percent to 58,039 vehicles. Truck inventories dropped — from 117 days supply in January to 97 days' supply in February, GM said. That's good news as the automaker winds down the current Chevrolet Silverado and GMC Sierra to make way for their replacements in the second quarter.
GM's crossover sales rose 17 percent, and compact crossovers had their best month ever. The Chevrolet Equinox, GMC Terrain and Buick Enclave had their best-ever February sales. Overall GM car sales fell 4 percent with a mixed bag of some high-volume models like the Chevrolet Malibu and Cruze being down but with the Chevrolet Spark and Cadillac ATS having their best month since last year's launch.
All four GM brands posted sales increases from a year ago. Chevrolet sold 158,541 vehicles, up 5 percent from a year ago. Silverado sales soared 29 percent; large SUV sales also climbed. Malibu sales fell 26 percent, which GM blamed on a tough comparison with last year when the old Malibu was winding down. But the new Malibu is struggling against intense competition in the midsize sedan segment where most of the competitors are spanking new. The Malibu's woes are rubbing off on the Chevrolet Cruze, which saw sales drop 12 percent as its reaches the end of its life cycle. Sonic sales slipped from their blistering pace of last year by 24 percent. Spark chipped in 2,836 of incremental sales. Volt sales soared 59 percent to 1,626 units.
Cadillac sold 13,845 vehicles for a 20 percent increase. GM boasted Cadillac's retail sales — it has been purposely diminishing its fleet sales — were the highest since 2006. The ATS had its best month since being launched in late summer with sales of 3,382, taking over as Cadillac's volume leader. The automaker boasts three-quarters of ATS buyers are new to Cadillac and nearly 60 percent are new to GM, with top trade-ins including direct competitor BMW 3 Series and Lincoln MKZ. Sales of Cadillac's also new XTS totaled 2,169 units, of which more than 40 percent were conquest sales, the company said, with Jaguar XJ and Lincoln MKS being the top trade-ins. Sales of the CTS tumbled 44 percent; the new version will be unveiled at the New York auto show this month. Sales of Escalade and Escalade ESV fell 16 percent; Escalade EXT sales rose 27 percent but on small — 191 units — of volume. GM's large SUVs, including the Escalade, are revamped next year.
Buick sales rose 15 percent to 16,150 cars and crossovers, boosted by a 26-percent rise in Enclave sales, Buick's volume leader at 5,241 units in February. The compact Verano sedan, launched early last year, kicked in 4,171 incremental sales, and Encore compact crossover added 1,597 units of incremental sales in its first month in the market. LaCrosse and Regal sales plummeted 30 percent and 44 percent, respectively. New versions of both will be unveiled at the New York auto show in late March.
GMC sold 35,778 trucks, SUVs and crossovers for a 10 percent hike. Its strength came from a 25-percent gain in Sierra pickup sales and double-digit sales increases from Terrain, Yukon and Yukon XL.
Ford: Ford Motor Co.'s February sales were 195,822, a 9-percent increase compared with February 2012, with sales up by healthy amounts for many of the company's best-selling models. Small cars took a hit, and sales at the Lincoln luxury division plunged by nearly 30 percent.
Although the potential impact on individual household finances loomed because of the pending government "sequester" budget cutbacks, Ford officials projected a confident position regarding the auto sector's ability to withstand broadly negative economic effects. And the company's February sales — strong on pickup trucks and family vehicles — seemed evidence that confidence may be justified. Sales for the housing-sector-reflecting F-Series pickup were up a healthy 15 percent in February to 54,489 units, and the all-new Fusion midsize sedan burst out with a 28-percent gain compared with February 2012, finding 27,875 buyers, an all-time February record for the nameplate.
That Ford may be paying special attention to the Fusion was suggested by slack February sales for the car's smaller stable mates Focus and Fiesta. Sales for the Focus compact car were off 11 percent for the month to 20,808, while the subcompact Fiesta slid 9 percent to 5,015 sales; the Focus' decline drug down its year-to-date total by 2 percent. Not to be discounted in Ford's February car sales, however, was a 17-percent gain for the Taurus full-size sedan (to 5,047 units) and an incremental 3,183 sales for the all-new C-Max hybrid wagon, although the Mustang declined 18 percent to 6,024 sales.
February was another solid month for Ford's utility-vehicle sales, with the compact Escape posting its best-ever February at 24,110 and trailing only the F-Series and Fusion to place in the company's top three best-sellers. The midsize Explorer recorded 16,586 sales for a hefty 59-percent gain. The Edge and Flex utilities respectively were off 8 percent and 17 percent, however, as the fading Flex trailed off to just 1,662 sales to be the lowest-selling of all Ford non-fleet passenger vehicles.
At Lincoln, February's backsliding sales were marked by a 62-percent plunge for the MKZ midsize sedan, typically the brand's best-seller that is transitioning — albeit slowly — to an all-new generation based on the Fusion's chassis. Along with zero sales from the now totally de-commissioned Town Car, Lincoln car sales in February amounted to just 1,867 units — 945 from the MKZ and 922 from the flagship MKS. Lincoln's best-selling model in February was the MKX midsize crossover, which sold 1,883 units but still was off 13 percent compared with February, 2012.
Toyota: Toyota Motor Sales, which includes Toyota, Lexus and Scion brand vehicles, reported February sales of 166,377 vehicles, up 4 percent from a year ago.Toyota brand sales were up 4 percent to 149,038 units. Avalon, launched in December in its new guise, posted its best month since November 2007, up 63 percent with sales of 5,703 units. Also freshened as a 2014 model, the RAV4 recorded its best-ever February with sales of 13,329 units, up 5 percent. Corolla sales climbed 13 percent to 24,999 units.
Camry sales dipped 10 percent but to a still shopping 31,270 units. Similarly, Prius sales declined 14 percent to a still-impressive 17,812 units. (Sales for all Toyota/Lexus hybrids totaled 26,966 vehicles, up 2 percent from a year ago.) Sales of Yaris were the only other Toyota model that was in negative territory in February; it was down 43 percent to 2,045 units.
Toyota trucks posted a 16-percent gain to 70,051 units. Both the Tundra and Highlander had their best February sales since 2008, up 16 and 14 percent respectively. (The Tundra will soon be replaced by a model unveiled at the Chicago auto show in February.) Tacoma sales hit 12,644 units, up 19 percent for the small pickup's best February since 2008.
Lexus sales were up 4 percent to 17,339 units. Volume-leading RX sales rose 20 percent to 6,938 units. Following next in volume, ES sales soared 61 percent to 4,817 cars. LS sales rose 55 percent but on small volume of 803 units. The rest of Lexus models saw sales declines.
Every model in the Scion line fell as well: iQ (-62 percent):, xD (-27 percent); xB (-6 percent); and tC (-25 percent). The FR-S sports car, launched during 2012, kicked in sales of 1,369 units.
Chrysler: Chrysler Group LLC sold 139,015 vehicles in February, a 4-percent increase compared with February 2012, as it was Chrysler's best February since 2008 and marked the company's 35th consecutive month-over-month sales gain. The February performance came courtesy of a 30-percent gain from the Dodge brand — including a record February from eight different Dodge models — and despite a rare retreat for the Jeep division.
The Dodge division's outsized February sales were paced by a 41-percent jump for the Charger midsize car, which broke into five-figure sales territory at 10,301 sales for the month. The Charger came within a whisker of outselling the Caravan minivan, which topped the Dodge sales chart with 10,415 sales, although the number represented an 18-percent slide for the Caravan compared with last February. Importantly, the all-new Dart compact car seemingly continued to pick up momentum, with 7,720 sales, while the Avenger midsize sedan was up 52 percent to 9,980 sales and the Charger coupe was up 21 percent to 7,530 sales.
Although Chrysler's Jeep off-road vehicle division has been a near-continuous boost to the balance sheet, February finished with overall Jeep sales off 16 percent, a drop mostly attributable to a 26-percent slide (on 9,439 sales) for the generally reliable Grand Cherokee. The plunge for Jeep's flagship meant the Wrangler shouldered ahead to be Jeep's best-seller in February, gaining 8 percent on sales of 10,091. Jeep's total sales for the month also suffered from a big drop for the phasing-out Liberty compact, which declined 79 percent to 1,529 sales; the Liberty will be replaced this fall with a new-generation revival of the Cherokee nameplate.
The Chrysler division was off 7 percent in February, although the 200 midsize sedan checked in with a healthy 11,446 sales and an 11 percent gain to become the company's second-best-selling model after the Ram pickup (up 3 percent on 23,289 sales). The larger 300 sedan slid by 35 percent, however, to 5,023 sales and the Town & Country minivan found 10-percent fewer buyers.
In contrast to GM, Ford and Toyota, Chrysler posted car sales that rose and truck sales that were up.
Honda: American Honda posted 107,987 sales in February, a 2-percent decline compared with February, 2012, as big gains for the new-generation Accord midsize sedan and RDX compact crossover from the Acura upscale division were offset by a slide for the Civic compact car and a rarer decline for the perpetually popular CR-V compact crossover.
Honda's all-new Accord continued to capture buyers' attention, as evidenced by the family sedan's 27,999 sales, a 35-percent gain compared with last February. But every other Honda passenger car was down for the month, most visibly the Civic's 16-percent drop (on 22,713 sales) and an 11-percent decline for the aging Fit subcompact car on 3,775 sales. The waning Insight hybrid plunged 50 percent to a meager 388 sales and the CR-Z hybrid coupe found just 381 buyers in February, an 18-percent fall.
The truck side of Honda's showroom fared only a little better in February. The Pilot midsize crossover improved by 8 percent to 9,614 sales and any automaker would gladly accept the CR-V's 20,668 deliveries, although the number represented a 16.5-percent drop. The Odyssey minivan was down by almost 11 percent to 8,550 sales and soldiering-on Ridgeline midsize pickup slid 5 percent to 1,301 sales.
At the Acura premium-vehicle unit, every model endured a sales decline compared with February, 2012 except for the still-surging RDX compact crossover, which posted 2,795 sales for a 178-percent leap and 1,997 incremental sales from the new ILX compact sedan, which was not yet on sale last February. Acura's most worrisome slide came from the TSX sedan/wagon, where a 60-percent plunged equated to sales of just 1,358 for the month. The TSX's recent sales pullbacks suggest at least some buyers are opting for the less-expensive (and potentially better-incentivized) new ILX.
Nissan: Nissan North America, which includes Nissan and Infiniti brand models, was the only one of the Big Six automakers to report a year-over-year decline in sales. Sales of Nissan and Infiniti models totaled 99,636 vehicles, down 7 percent from last February.
The decline was due to the tough year-to-year comparison as Nissan had record February sales last year of 106,761, and the blizzards that clobbered the Northeast, the biggest volume region for Nissan and Infiniti, Al Castignetti, Nissan Division vice president, told Edmunds.com. He said blizzard-related lost sales likely are only deferred.
Last month, Nissan Division sales totaled 90,489 units, down 7 percent from the prior year, which set a February record. Sales of the new Pathfinder surged 146 percent to 7,014 units, setting a new February record for the nameplate. Versa also set a new February record with 13,100 in sales, up 29 percent. Electric Leaf sales soared 37 percent to 653 units. Nissan says supplies of the 2013 Leaf, now being built in Smyrna, Tenn., are tight. Sales of the newly launched Sentra were off 5 percent to 10,058 units; Altima, revamped in June, saw sales drop 16 percent to 27,725 units. Nissan NV commercial van sales set a new record since its launch with 1,252 sold, up 55 percent. Sales of the full-size Titan pickup were up 4 percent to a small 1,634 units, but outpaced company expectations, likely on the strength of improved housing and construction industries, said Castignetti.
Infiniti sales dipped 1 percent to 9,147 vehicles. Every model line saw double-digit declines. The new JX pitched in 2,300 units.
Hyundai: With sales of 52,311, Hyundai Motor America enjoyed its best-ever February and gained 2 percent over the previous record-setting February in 2012. Hyundai cited improved inventory levels and credit access for a "broader band of buyers" for the brand's exceptional sales month.
The compact Elantra moved past the midsize Sonata in February to be the company's best-selling model for the month, its 16,219 sales marking a 17-percent gain over the prior February. Sonata sales, at 16,007, meanwhile, dropped from the prior February's 17,425 units but still made the Sonata the brand's second-best seller in terms of volume. Another significant — though lower-volume — boost on the car side of the showroom came from the all-new Azera full-size sedan, which sold 795 units compared with just 13 in the prior year.
The revised Santa Fe midsize crossover posted an outsized 64-percent leap compared with last year, finding 6,339 buyers, although the Tucson compact crossover slid by 8 percent on 3,444 sales and the Veracruz large crossover plunged to just 65 deliveries compared with 451 last February.Nearly all of Hyundai's other models were flat or posted slight sales declines in February, although the Veloster coupe plunged 41 percent to just 1,905 sales.
Kia: Kia Motors America's almost continuous two years of record month-over-month gains hit a speed bump in February, as sales slid 8 percent to 41,505 units. The Optima midsize sedan, jumping 14 percent on 13,195 sales, was the only model in Kia's seven-nameplate U.S. lineup to record a sales gain compared with February, 2012.
The Optima's sales hike aside, it was mostly modest losses for the rest of Kia's model line, although the phasing-out Sedona minivan dwindled to just 138 sales, less than a tenth of last February's total. The revised Forte compact car was off by 12 percent on 5,003 units and the Rio subcompact car was down 7 percent to 3,339 sales. Even the usually strong Soul compact hatchback gave ground in February — Japan's resurgent Toyota and Honda could be the cause of some of Kia's slowing momentum — as its 9,551 sales equated to a 12-percent decline.
Kia's crossover models also couldn't shoulder the load in February: the Sportage compact endured a 32-percent plunge to 2,334 sales and the Sorento's 7,495 deliveries marked an 11-percent slide.
VW: Volkswagen of America sold 31,456 vehicles in February, up 3 percent from a year ago for its best February since 1973 and its 30th consecutive year-over-year sales hike.
Jonathan Browning, Volkswagen Group of America president and CEO, said the sales increase moderated as he has been warning and despite storms in the Northeast, Volkswagen's largest region. When the month closed, all five Volkswagen regions posted higher sales than a year ago, and five vehicle lines showed strength: Golf (+44 percent to 1,720 cars); Jetta Sportwagen (+37 percent to 1,570 vehicles); Beetle, now available as a convertible (+184 percent to 3,696 cars); Touareg (+16 percent to 836 units); and Tiguan (+11 percent to 2,533 units), which had its best-ever February, showed strong growth. Eos, CC and Routan posted double-digit declines.
Perhaps reflecting higher gas prices or simply diesels gaining traction, TDI versions of Volkswagens accounted for 22.4 percent of all Volkswagen sales in February, an 11-percent increase from a year ago. Of all U.S.-built Passat sales, 29.6 percent were diesel, in line with Volkswagen's plans for 25 to 30 percent of Passat sales going diesel.
Subaru: Subaru of America sold 28,163 vehicle sales in February, up 11 percent from a year ago for Subaru's best-ever February. That puts Subaru on track for yet-another annual record after four consecutive years of records and a 2012 exceeding 300,000 vehicle sales for the first time. Subaru is making way for a new version of its Forester this month, which should lead to another record-setting sales month in March, Subaru executives said... February sales of the outgoing Forester were flat with last year at 5,529 units. Impreza sales rose 29 percent to 4,515 cars. Legacy sales climbed 4 percent to 3,745 units. The volume-leading Outback posted a 3-percent sales hike to 9,016 units. The new XV Crosstrek achieved 3,258 sales, and the BRZ sports car kicked in another 420. Even the Tribeca had a 10-percent sales hike on a small 420 units.
BMW: In declining 2 percent to 25,613 units of sales, February sales for the BMW Group in the U.S. dropped counter to the month's industry upswing and the general uptick for traditional luxury brands, as both of BMW's most-direct rivals, Audi and Mercedes-Benz, posted healthy sales improvements for the month. BMW-brand sales in February actually were up slightly, but the overall performance turned negative on a marked downturn for BMW's Mini small-car unit.
Every BMW car except for the mainstream 5-Series and niche-market 6-Series was down compared with last February, the largest sting coming from a 14-percent slide for the best-selling 3-Series lineup, which sold 6,973 copies for the month. The 7-Series flagship was off 37 percent to 709 sales and the entry-level 1-Series continued to demonstrate a limited U.S.-market appeal in finding just 393 buyers in February. The all-new X1 subcompact crossover (sales for some reason reported with cars rather than with the rest of BMW's crossovers) added an incremental 1,482 sales and the 5-Series was up 5 percent to a robust 4,248 units.
BMW's once-surging X3 crossover — with the introduction of the X1 no longer the brand's entry-level utility vehicle — fell a hefty 23 percent compared with last February, selling 2,175 units. The X6 was down 6 percent on 474 sales to leave the X5 and its 22-percent gain on 3,931 sales as BMW's only crossover to perform better than the prior year. At the Mini small-car division, total February sales slid 14 percent to 4,302. Every Mini line endured a sales decline except the new Roadster (up 64 percent to 181 sales) and the Countryman mini-crossover (up 28 percent to 1,662 units). The standard Cooper/Cooper S hardtop was the brand's best-seller for the month, although its 1,986 sales nonetheless marked an 18-percent drop.
Mazda: Mazda North American Operations sold 24,936 vehicles, a 3-percent decline from a year ago. Still, it was the second-best February since 1994, and some models set new or second-best monthly records. The Mazda5, with a 49-percent increase to 2,260 vehicles, had its best-ever February. Second best-ever sales were achieved by the Mazda3 with 10,554 cars sold, though down 6 percent from the year-ago's record, and CX-9, up 28 percent to 2,594 units. The CX-5 had its second best month since its year-ago launch with sales of 5,451 vehicles. Mazda2 sales plummeted 62 percent, and MX-5 Miata sales tumbled 20 percent to a scant 347 units. The new 2014 Mazda6, the second vehicle to launch with the full suite of fuel-saving Skyactive Technology, had sales of 1,300 units, with demand outstripping supply. Mazda models equipped with Skyactive (Mazda6, Mazda3, CX-5) accounted for 57 percent of the company's February sales. Total Mazda6 sales, including the new and previous versions, fell 47 percent.
Mercedes-Benz: Mercedes-Benz USA enjoyed a record for February sales in posting 24,051 deliveries, a 22-percent hike compared with February, 2012. Although concerns about the nation's broad economic condition lingered after weeks of budget battles, Mercedes-Benz USA president and CEO Steve Cannon expressed confidence, in a statement saying, "The auto industry's on the up and we're ideally positioned to take advantage of the strengthening market. With the strong product cadence we have mapped out for the year, we'll continue bringing new buyers to Mercedes-Benz while offering an expanded palette for our existing owners."
The entry-level C-Class line was Mercedes' best-seller in February, booming to a 39-percent gain on 7,302 sales, followed by a healthy 4,211 sales for the midsize E-Class line, although the E-Class' performance was flat compared with last February. The big-dollar SL roadster slammed out a 353-percent sales jump on 435 deliveries and the S-Class flagship sedan's 923 buyers made for a 16-percent monthly gain.
Crossovers also performed well for Mercedes-Benz in February, with the GL-Class up 78 percent to 2,800 sales and the compact GLK gaining 49 percent on 2,420 sales. The midsize M-Class declined 20 percent, however, on 2,733 sales and the unloved R-Class wagon convinced just eight buyers in February, a 95-percent plunge. Mercedes' smart ultra-compact-car unit was up 1.8 percent in February on 783 sales, while the Sprinter commercial-van line, also counted in MBUSA's overall sales total, had 1,228 deliveries for a 48-percent jump.
Audi: Audi of America Inc.'s 10,877 sales in February marked a 27-percent gain compared with last year and made for the 26th consecutive month of record-breaking sales, the luxury-car seller said in a statement.
Audi's latest monthly record resulted largely from substantial gains for its two crossover models, the Q5 and Q7. The compact Q5 was up 57 percent to 2,753 sales and the Q7's 920 sales made for a 147-percent hike compared with February, 2012. The new Allroad crossover model (effectively a station-wagon version of the A4) also chipped in with 454 incremental sales.
Results for Audi's passenger-car lines were more mixed in February. While the recently revised A6 enjoyed a 41-percent gain on 1,370 sales and the A5 coupe and A8 flagship respectively were up 5 percent and 22 percent, Audi's usual best-seller, the A4, was off 3 percent on 2,635 sales and was surpassed by the Q5 to be the brand's highest-volume seller in February.
Mitsubishi: Mitsubishi Motors North America posted a 28-percent sales hike to 6,051 vehicles. February marked the largest monthly sales total for Mitsubishi since March 2012. Sales of the Outlander Sport, now built in Illinois, rose 20 percent to 1,644 units. Lancer sales were up 89 percent. Outlander sales soared 92 percent. Sales of the all-electric Mitsubishi i-MiEV hit 337 units. Sales of the rest of Mitsubishi's models fell.
Volvo: Volvo Cars of North America had an 8-percent sales decline to 4,867 units. Only sales of the S60 (+6 percent to 2,036 units) and XC60 (+20 percent to 1,496 units) achieved year-over-year sales increases.
Jaguar Land Rover: Jaguar land Rover North America reported February sales rose 18 percent from a year ago to 5,053 vehicles. Land Rover sales rose 20 percent to 3,905 units, with all three Ranger Rover, Range Rover Sport and Evoque all posting double-digit gains. Jaguar sales increased 12 percent to 1,022 cars. Sales of Jaguar XF and XJ rose 22 percent each.
Porsche: Porsche Cars North America sold 2,805 vehicles in February, up 31 percent from a year ago. Cayenne sales were particularly strong, posting a 79-percent gain to 1,173 units. Boxster sales of 391 units, compared with 123 sold a year ago. Sales of the 911 were roughly even at 855 units. Panamera sales dropped to 385 units from 511 a year ago.