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.
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.
Source
New York Times