Fiat Chrysler’s US auto sales increased by just 5.6% in February, missing analysts’ expectations for 8.9%.
Throughout the day, the big automakers will release their US auto sales stats.
Analysts estimate that the pace of US auto sales improved to an annualized rate of 16.7 million units in February from 16.56 million in January.
From Morgan Stanley’s Ted Wieseman: “Mid-month industry surveys have pointed to a slight pickup in sales in February after the dip in January to a 16.6 million unit annual rate following the best two combined months in December (16.8) and November (17.1) in nine years. Much colder weather in the second half of February was probably a drag.”