Trade Resources Industry Views US March Sales Were up 6 Percent, The Best Results Since May 2007

US March Sales Were up 6 Percent, The Best Results Since May 2007

On Tuesday, Ford Motor Company said that its US March sales were up 6 percent, the best results since May 2007, with cars even with year-ago levels, utilities up 14 percent and trucks up 6 percent.

Chrysler Group extended its streak of year-over-year sales gains to 36-consecutive months in March. This sales milestone tops a previous sales streak of 35-consecutive months that occurred from February 1992 through December 1994. For Chrysler, US sales totaled 171,606 units, a 5 percent increase compared with sales in March 2012 and the group's best monthly sales since December 2007.

General Motors Co. sold 245,950 vehicles in the US in March, up 6 percent compared with a year ago. Retail sales increased 4 percent, fleet sales were up 12 percent and the fleet mix was 27 percent of total sales.

"GM delivered its best March sales in five years thanks to a strengthening economy and new products, and we are expecting our third consecutive increase in market share versus last year," said Kurt McNeil, vice president of US sales operations. GM sales were up 9 percent: retail sales were up 10 percent; fleet sales were up 6 percent, and fleet mix was 26 percent of total sales.

Source: http://www.steelorbis.com/steel-news/latest-news/us-automakers-report-best-sales-in-over-five-years-750595.htm
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US Automakers Report Best Sales in Over Five Years
Topics: Metallurgy