U.S. auto sales rose in February, with all major car companies reporting double-digit percentage gains, the Associated Press reported.
Automakers said Tuesday that consumers snapped up both cars and trucks, buoyed by a gradually improving economy, with U.S. automakers pointing to strong sales of new models, AP reported.
General Motors Co. led the way with a 49% jump in U.S. sales from a year ago, followed by Toyota Motor Corp., with a 42% gain.
Nissan Motor Co. and Honda Motor Co. had gains of 32% and 22%, respectively, while Hyundai Motor Co.â€™s sales rose 28%, AP said.
Chrysler Group LLC and Ford Motor Co. showed smaller increases, with Chryslerâ€™s rising 13% and Fordâ€™s 10%.
Fordâ€™s sales were led by the redesigned Explorer sport utility vehicle;, Chryslerâ€™s by its Ram truck brand, up 81%, and Jeep line, which saw a 23; and GMâ€™s by its full-size pickup trucks, which jumped 65%, AP reported.
Sales were boosted by more generous financing and lease deals, and Fordâ€™s top analyst said its seasonally adjusted sales rate could be the highest since the federal governmentâ€™s Cash for Clunkers rebates helped increase sales in 2009, AP said.
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