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The
Automotive Monthly Metals Index (MMI) rose by 7.1% this month, as US auto sales were strong in February.
US auto sales
Ford Motor Co. reported its February US retail auto sales reached 163,520 vehicles, down 1.8% year over year.
Ford truck sales increased 10.2% year over year. Meanwhile, SUV sales ticked up 0.2%. Ford car sales fell 56.5%.
Ford’s estimated retail share in February reached 12%, up from 11.7% last year.
“Share gains came from trucks and new product offerings of Bronco Sport and the fully electric Mustang Mach-E,” Ford said.
Honda sales overall fell 11.4% to 106,328 vehicles. However, the automaker reported its best-ever February for Honda truck sales. Truck sales rose 5% year over year.