Consumers bought 1.2M new automobiles (+4.3% Y/Y, +15% M/M) in the U.S. during February,...

|By:, SA News Editor

Consumers bought 1.2M new automobiles (+4.3% Y/Y, +15% M/M) in the U.S. during February, according to analysts. Though it's an excellent sign that average transaction prices rose and the level of incentives in the industry were moderate, inventory levels will be watched closely to ensure automakers aren't getting too far in front of demand. Of the pack, Ford (F) is forecast to have the largest yearly jump in sales for the month with Chrysler (FIATY.PK), Toyota (TM) and General Motors (GM) also strong - while Honda (HMC) and Nissan (NSANY.OB) are likely to report a decline in sales.