Auto News for March 3

Fiat Chrysler HQ sign

Fiat Chrysler is reporting its best February sales since 2007 with sales up six percent year over year. It was the best February ever for the Jeep brand and Ram truck sales rose seven percent.

But Ford reported this morning that February sales fell 1.9 percent as auto sales declined eight percent with Lincoln sales off 7.5 percent. Mustang sales were one of the exceptions with demand up 31.9 percent. One of the continuing hot sellers was the F-150 pickup, up 7 percent as the make continues to ramp up production.

At General Motors sales rose 4.2 percent last month with demand strong for its Chevy and GMC trucks as well as large Sport Utility Vehicles. But sales were lower for Buick and Cadillac.

New car transaction prices rose 3.6 percent last month to an average $33,299 according to Kelley Blue Book. It said a higher mix of full size and mid-size SUV’s helped drive the industry average upward.

Toyota will end production of the Venza crossover in June due to slow sales. Automotive News said Toyota sold only 2,105 of them in January, compared to 54,410 back in 2009, the crossover’s first year on the market.

European auto writers have named the Volkswagen Passat Car of the Year in the E.C. The European version comes with far more options than the model offered here including 10 engine choices.

 

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