Winter weather has hurt some U.S. automakers vehicle sales in January and February. Many of the northern, cold weather states have actually had to close their doors due to hazardous temperatures and weather conditions. Total vehicle sales numbers for February are in and two U.S. automakers, Ford and General Motors, posted sales declines. GM posted a 1% decline in sales and Ford posted a 6% drop in sales compared to February 2013. Nissan and Chrysler were the only two automakers who posted astonishing double digit sales gains here in the U.S. in February on the backs of deep discounts and Presidents’ Day Sales.
Dealer inventory is climbing as the number of cars sold has steadily declined in the last two months. Dealer inventory is normally based on the number of days of inventory their average dealership has on their lots. 60 days is the industry standard for inventory level, and most of the U.S. automakers are at 80 days or more, which is troublesome for automakers and dealerships. This normally leads to price cuts and price wars among automakers, fighting for every sale, making it the perfect time to purchase a new vehicle. Get all the latest price quotes from local dealerships in your area at CompetingCarPrices.com today!