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U.S. February auto sales jump 7 percent, no slowdown yet

by Bernie Woodall, Reuters, March 1, 2016

U.S. February auto sales soared to a 15-year high for the month, carmakers reported on Tuesday, in the latest sign of continued consumer confidence.

Auto sales last month rose about 7 percent, helped by low gasoline prices, available and low-interest credit and higher wages.

WardsAuto said February sales on an annualized basis was 17.43 million vehicles, down from 17.45 million in January but up from 16.32 million last February. Overall, WardsAuto said February sales of 1.34 million was 6.7 percent higher than a year ago.

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