Automakers report solid March auto and truck bargains
Major automakers recorded a different solid month of auto and truck deals in March, commencing the imperative spring pitching season on a great note.
General Motors (GM, Fortune 500), Ford Motor (F, Fortune 500) and Chrysler Group all posted U.S. deals additions of 5% or better, while Toyota Motor (TM) bargains edged up 1% from a year prior. Chrysler Group posted its best bargains since December 2007.
Industrywide deals are ready to go in above the 15 million twelve-month bargains rate for the fifth straight month, in the wake of going practically five years without arriving at that benchmark. Different automakers for example Honda Motor (HMC) are because of report comes about later Tuesday.
"American customers have all the earmarks of being truly certain about the economy, with snow storms and sequesters not hindering them a touch," stated Michelle Krebs, senior examiner with Edmunds.com. "The story is the same as it has been: repressed-mandate from old vehicles on the way is unleashing, credit is promptly ready at shoddy rates, and new features are reverberating with purchasers."