GM (GM) U.S. Sales Drop 12% in January
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Weakness in U.S. Vehicle Sales Tied to Weather (GM) (F)
February 4, 2014 11:41 AM ESTOn Monday investors learned that January light vehicle sales totaled 15.16 million, below estimates of 15.7 million. In the view of analyst Rod Lache of Deutsche Bank, weather was the main issue and concerns about U.S. autos should moderate by March.
"The January light vehicle SAAR was 15.1MM, with absolute sales down 3% on a YOY basis. We believe that this was primarily driven by weather, as sales were up double-digits in the Western region (which had no weather... More
