Auto Sales Increased 3.4% Highest Tot...

Auto Sales Increased 3.4% Highest Total Since 2007

Posted in the Minneapolis Forum

Bushwhacker

Seattle, WA

#1 Apr 4, 2013
March Auto Sales Increased 3.4% for Highest Total Since 2007
By BILL VLASIC
Published: April 2, 2013


DETROIT — Automakers reported on Tuesday that March sales of new cars and trucks were the highest monthly total in five years, providing more evidence of a sustained turnaround in the industry.
Multimedia
Graphic
How the Auto Industry Fared in March

According to Autodata, 1.45 million vehicles were sold during the month, a 3.4 percent improvement over last year, as a strengthening housing market and low interest rates spurred consumers and businesses to replace aging models.

It was the best monthly performance since 2007, executives and analysts said, and it reinforced their sales forecasts for the full year at more than 15 million vehicles.

“Even though consumer confidence has been up and down this year, there are ‘wealth effects’ that are making Americans feel comfortable finally buying new cars they’ve been waiting for,” said Lacey Plache, an economist for the auto research site Edmunds.com .

General Motors, the largest American automaker, said it sold 246,000 new vehicles during March, a 6.4 percent increase over the same period last year.

While sales of its biggest brand, Chevrolet, were flat, G.M. said sales of its Cadillac brand increased almost 50 percent and Buick sales rose 37 percent.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Minneapolis Discussions

Title Updated Last By Comments
BLM urge rioting over OSU SHOOTING 5 hr Hunter 38
News Couple Charged In Fatal Shooting In North Minne... 5 hr Hunter 20
Obama & BLM mourn monstor Fidel Castro Wed Trump worst presi... 71
Child sex ring>Pizzagate>Clinton's>Obama's>FBI ... Wed Trump worst presi... 2
California Dems Block Gang Member Database Tue TAAM 1
Drop one word....add one word game (Apr '14) Dec 4 texas pete 628
Get Over It! Dec 3 Evil Roy Slade 10

Minneapolis Jobs

More from around the web

Personal Finance

Minneapolis Mortgages