Cautious Optimism About Increase in Auto Sales

U.S. auto sales picked up steam halfway through March and ended strong with an increase of 6%.  That may not seem like huge growth. But after a 3% decline in January and a flat result in February, any sign of momentum is a good one for the industry.

Coming after many months of strong growth, the sluggish results earlier this year raised a troubling question in many investors’ minds: Was it just the weather keeping buyers away from car dealers, or was the economic tide starting to turn for the worse?

Several automakers made a point of saying on Tuesday that the pace of sales improved significantly in late March — a sign that maybe it really was “just the weather.”  With summer around the corner, we hope to see sales continue to accelerate.

Read the full story here.

Responses are currently closed, but you can trackback from your own site.