Automakers sold 1,452,946 cars and trucks in March, an increase of 3.4 percent year-over-year, offering further proof that the U.S. market is on the rebound.
It was industry's best month in five years and translated into a seasonally adjusted annualized selling rate of 15.27 million vehicles, up from 14.14 million a year ago.
"I think the industry is recovering at a healthy pace with very little downside risk," said Jesse Toprak, vice president of market intelligence at automotive research site TrueCar.com. "The recovery is real and substantiated with even more room to grow."
Source
The Detroit News