Chrysler Sales Beat Expectations

Reuters/Mike Cassese

Heads up! This morning, U.S. automakers will report vehicle sales for the month of February.

Chrysler Group reported vehicle sales up 11%, Bloomberg reports. Economists were expecting 8.8%.

Overall, analysts estimate the annualized pace of auto sales climbed to 15.4 million in February.

"Mid-month industry reports in January saw sales rising to near a 15.8 million unit annual pace from 15.3 million in December, but instead bad late month weather resulted in a slight decline to 15.2 million," Morgan Stanley's Ted Wieseman wrote clients. "Weather disruptions continued into the first part of February, but improvement moving into Presidents Day weekend helped stabilize retail sales, and a rebound in fleet sales that were disrupted by weather in January is expected to provide a boost to the overall selling rate."