US light vehicle market down in February as downside risks mount

Sales Summary - US Light Vehicle sales decreased by 3.8% YoY in February, totaling 1.18 million units, with a daily selling rate of 49.1k units/day, up from 42.0k units/day in January [1] - The annualized selling rate rose to 15.6 million units/year in February from 14.7 million units/year in January [1] - Retail sales were estimated at 943k units, down by 5.6% YoY, while fleet sales increased by 4.5% YoY to 236k units [1] OEM Analysis - General Motors Group led the market in February with a market share of 16.9%, translating to 199k units sold, marking its lowest market share since August 2024 [4] - Toyota Group ranked second with a market share of 15.4% and sales of 181k units, while Ford Group sold 146k units for a 12.4% market share [4] - At the brand level, Toyota sold 155k units, Ford reclaimed second place with 138k units, and Chevrolet sold 129k units [4] Model Analysis - The Honda CR-V topped the rankings with 31.6k units, marking its first month in the number one spot since March 2025 [5] - The Ford F-150 and Chevrolet Silverado followed with 29.3k and 29.0k units respectively, while the Toyota Camry made its first appearance in the top five since October 2025 with 25.8k units [5] - The Nissan Rogue completed the top five with 24.0k units, maintaining its position for two consecutive months for the first time since February and March 2024 [5] Segment Analysis - The Compact Non-Premium SUV segment held a 21.9% market share, leading the market despite weak sales of the Toyota RAV4 [6] - The Midsize Non-Premium SUV segment achieved a 17.9% market share, its highest since August 2025, up by 3.0 percentage points YoY [6] - The Large Pickup segment accounted for just under 13.0% of the market, its lowest share since August 2025 [6]