From The Motley Fool: Is cold weather bad for car sales?
While a positive for sales of lip balm, hot chocolate, and those hats that look like an animal, the impact of extreme winter weather is not as clear for the auto industry.
Ford and General Motors are blaming bad weather for slow January and February U.S. car sales. But that poor weather did not seem to affect Chrysler, which had improved sales for the month.
Chrysler reported that its sales grew by 8%, giving it the best January the company has had since 2008. In reporting the numbers, the company even took a swipe at its competitors.
“The bad weather only seemed to affect our competitors’ stores as we had a great January with sales up 8% and achieved our 46th consecutive month-of-year-over-year sales increases,” said Head of U.S. Sales Reid Bigland in a press release.
