U.S. car and truck sales are expected to hit their highest level in nearly six years in March, as buyers armed with tax refund checks were lured by flashy new vehicles and low interest rates.
Auto companies release U.S. sales figures Tuesday.
Analysts predict total sales of nearly 1.5 million cars and trucks, a number not seen since May 2007. That's almost double the 855,000 vehicles sold in March 2009, the low point for sales during the economic downturn, according to Ward's AutoInfoBank. Sales are expected to be up 3 to 5 percent over last March.
Source
Bloomberg News