GM January US auto sales +0.5% vs -0.9% est

Solid beat for GM:

• Ford US light vehicle sales -2.8% vs -3.2% estimated
• Nissan Jan US auto sales +1.6% vs -1.7% exp
• Fiat Chrysler sales up 6.9% compared to -0.1% expected

Overall, sales were upbeat in the month. The Chrysler numbers first looked like it would be a blockbuster month but it the others lowered it to 'solid'.