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That hadn't happened since May 2011, according to Ward's AutoInfoBank. In terms of performance, the all-new Honda City sedan now uses a 1.5L DOHC i-VTEC engine which has been. The redesigned Nissan Altima sedan outsold the Toyota Camry, the perennial midsize king, in March by 100 vehicles. (from Autodata results posted November 2, 2021). Auto companies are settling in for a period of slower but sustained growth.Ĭars with the latest designs are enticing buyers. Still, the pace of growth has slowed from last year, when double-digit gains were commonplace as Japanese automakers came roaring back after the 2011 earthquake in Japan. And the stock market - which is a strong predictor of auto sales - closed the first quarter with the S&P 500 at an all-time high. Interest rates are low and home values are rising. The number of Americans seeking unemployment benefits fell to a five-year low during March. Fuel prices ended the month lower than a year ago. And Japanese automakers, whose fiscal year ends in March, often juice sales with deals to end the year on a high note.īut this year had additional incentives for buyers. Many car buyers put tax refund checks toward a down payment. March is typically a good month for the auto industry.
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Parker recently joined a Chrysler program that helps him stock pickups so he has inventory ready when business owners come calling. "I think day-to-day business is the best it's been in five years," said Tim Parker, owner of a Chrysler-Dodge-Jeep-Ram dealer in Hot Springs, Ark. Overall auto sales rose 3.4 percent to 1.45 million, according to Autodata Corp. auto sales to their highest monthly total since August 2007, as everyone from oil and gas producers to local home builders raced to replace the aging trucks they held onto during the recession. DETROIT - America is getting back to work, and it needs pickup trucks.