Edmunds.com Forecasts February Auto Sales: Large and Midsize Car Sales Decline as Compact Cars Capture Consumer Interest

Edmunds.com Forecasts February Auto Sales: Large and Midsize Car Sales Decline as Compact Cars Capture Consumer Interest


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Edmunds.com Forecasts February Auto Sales: Large and Midsize Car Sales Decline as Compact Cars Capture Consumer Interest

SANTA MONICA, Calif. — February 22, 2007 — This month's new vehicle sales (including fleet sales) are expected to be 1.209 million units, a 3.9 percent decrease from February 2006 but an 11.4 percent increase from January 2007, according to Edmunds.com, the premier online resource for automotive information.

"Luxury SUVs and compact cars are selling remarkably well this month. We predict they will be up 17.8% and 10.5%, respectively, over last February," said Jesse Toprak, Executive Director of Industry Analysis for Edmunds.com. "At the other end of the spectrum, sales of large and midsize cars are slower than they were at this time last year. We predict that large car sales will be down 18.2% and that midsize cars will dip 10.7%."

The combined monthly U.S. market share for Chrysler, Ford and General Motors (GM) domestic nameplates is estimated to be 53.0 percent in February 2007, down from 57.9 percent in February 2006 and up from 51.8 percent in January 2007.

Toprak explains, "Domestic sales continue to suffer from pre-planned production cuts and reduction of fleet sales. Year-over-year comparisons will reflect this reality for some time."

"The domestic automakers hate to see negative numbers, but they know that this painful move is necessary to increase residual values and rebuild brand equity," stated Michelle Krebs of Edmunds' AutoObserver.com.

Edmunds.com predicts Chrysler will sell 173,000 units in February 2007, down 9.2 percent compared to February 2006 and up 10.6 percent from January 2007. This would result in a new car market share of 14.3 percent for Chrysler in February 2007, down from 15.1 percent in February 2006 and down slightly from 14.4 percent in January 2007.

Edmunds.com predicts Ford will sell 184,000 units in February 2007, down 23.1 percent compared to February 2006 but up 14.2 percent from January 2007. This would result in a market share of 15.2 percent of new car sales in February 2007 for Ford, down from 19.0 percent in February 2006 and up from 14.8 percent in January 2007.

Edmunds.com predicts GM will sell 284,000 units in February 2007, down 4.9 percent compared to February 2006 and up from 15.7 percent from January 2007. GM's market share is expected to be 23.5 percent of new vehicle sales in February 2007, down slightly from 23.7 percent in February 2006 and up from 22.6 percent in January 2007.

Edmunds.com predicts Honda will sell 112,000 units in February 2007, up 5.3 percent from February 2006 and up 11.4 percent from January 2007. Its market share is expected to be 9.3 percent in February 2007, up from 8.5 percent in February 2006 and unchanged from January 2007.

Edmunds.com predicts Nissan will sell 86,000 units in February 2007, up 1.7 percent from February 2006 and up 3.6 percent from January 2007. Nissan's market share is expected to be 7.1 percent in February 2007, up from 6.7 percent in February 2006 and down from 7.6 percent in January 2007.

Edmunds.com predicts Toyota will sell 195,000 units in February 2007, up 16.6 percent from February 2006 and up 10.6 percent from January 2007. Toyota's market share is expected to be 16.1 percent in February 2007, up from 13.3 percent in February 2006 and down slightly from 16.2 percent in January 2007.

About Edmunds Inc. (http://www.edmunds.com/about/)
Edmunds Inc. publishes four Web sites that empower, engage and educate automotive consumers, enthusiasts and insiders. Edmunds.com, the premier online resource for automotive consumer information, launched in 1995 as the first automotive information Web site. Its most popular feature, the Edmunds.com True Market Value®, is relied upon by millions of people seeking current transaction prices for new and used vehicles. Edmunds.com was named "Best Car Research Site" by Forbes ASAP, has been selected by consumers as the "Most Useful Web Site" according to every J.D. Power and Associates New Autoshopper.com Study(SM), was ranked first in the Survey of Car-Shopping Web Sites by The Wall Street Journal and was rated "#1" in Keynote's study of third-party automotive Web sites. Inside Line launched in 2005 and is the most-read automotive enthusiast Web site. CarSpace launched in 2006 and is an automotive social networking Web site. AutoObserver.com launched in 2007 and provides insightful automotive industry commentary and analysis. Edmunds Inc. is headquartered in Santa Monica, California, and maintains a satellite office in suburban Detroit.

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