Ford (F), Toyota (TM), GM (GM) February Sales Expected to be Up

Sales for automakers Ford Motor (NYSE:F), Toyota (NYSE:TM) and General Motors (NYSE:GM) are expected to rise significantly in February over sales in the same period last year.

Estimates from a report from Edmunds.com suggests General Motors Corp. will probably enjoy the biggest boost in sales, enjoying an estimated 37 percent increase.

Edmunds.com Senior Analyst Jessica Caldwell said, “February started slow, but it gained plenty of momentum over President’s Day weekend. It was also the fifth consecutive month with a SAAR over 12 million, which is a good sign as the industry presses forward into March.”

Overall, car sales are projected to come in at around 937,000, according to Edmunds, a 20 percent improvement over February 2010 sales.

It also said the seasonally adjusted annualized rate will be 12.6 million, up from 12.5 million in January.




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