Are We Out Of the Woods Yet? April Auto Sales Surge Forward 20% In April

Auto sales surged in April from depressed levels of a year earlier, but the selling pace slumped from March, when several manufacturers launched major marketing campaigns and began offering big incentives to buyers.

Automakers sold just under 1 million cars in April. Although that was up almost 20% from a year earlier, it translated into an annual sales rate of about 11.2 million vehicles, down from a rate of 11.8 million in March.

Despite the slowdown, most of the big manufacturers said Monday that the industry was still on track to recover from last year's dismal economy, when automakers sold 10.4 million vehicles.


 

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Lexus - 5/4/2010 2:49:21 PM

+3 Boost

NO were NOT out of the wood yet. Just because Car sale went up does NOT mean were out of the wood. How do we know if someone just bought a new car and will lose their job next month?

I think we will be out of the wood once the million of Americans who lost their job get their full-time good paying job back.

theoptimisticpessimist - 5/4/2010 4:59:03 PM

+3 Boost

No, remember these are number coming off a dismal 2009 when some sales were down 30% or more.

Shredmo - 5/5/2010 10:37:18 AM

+1 Boost

Subaru is up 48% over last April. Remember, Subaru was up last year at this time as well.