Jamesb101.com

commentary on Politics and a little bit of everything else

US Car sales jumped in April…….

CARSALES_jp

Wow!…the numbers just took off!

Pent up demand from a year ago and a better US Economy has seen ALL car makers post impressive gains in sales last month……

Hyundai and Nissan had higher numbers that any of the US car manufactureers and Toyota…….


Boosted by a rebounding economy, U.S. auto sales jumped 20% in April as several car makers, including hard-hit Chrysler Group LLC, posted sizable gains.

Chrysler, Ford Motor Co. and Toyota Motor Corp. all reported increases of about 25%. GM’s growth was limited to 7.2% because it its phasing out four brands under its restructuring, but the four brands it is keeping—Chevrolet, Cadillac, Buick and GMC—saw sales rise 20%.

GM Vice President of Sales Steve Carlisle said the industry’s recovery pace probably would not be as robust as other rebounds in the last half-century but would be steady. “Overall,” he said in a conference call, “the U.S. economic recovery would appear to be on track.”

Ford economist Emily Kolinski Morris said the recent growth in U.S. gross domestic product—it rose 3.2% in the first quarter—is supporting a recovery in car sales. Ford is forecasting that 2010 sales industrywide will rise to 11.5 million to 12.5 million vehicles, up considerably from last year’s 10.4 million. “I would be very surprised to see the sales pace tail off,” she said in a separate conference call……

Among other makers, Hyundai Motor Co. said its U.S. sales rose 30% to 44,023 vehicles, Nissan Motor Co.’s were up 35.1% to 63,769, and Honda Motor Co. saw a rise of 12.5%, to 113,697……

More……..

Note……

Toyota’s sales grew at almost the same pace as Ford’s, rising 24.4% to 157,439 vehicles from a year earlier. Toyota said it is extending its U.S. incentive program for a third month as it uses zero-percent financing and free maintenance to spark demand. Toyota’s luxury Lexus brand also is offering cheap lease and financing for the first time.

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May 4, 2010 - Posted by | Automobiles, Blogs, Breaking News, Media, Other Things, PoliticalDog Calls, The Economy, Travel, Updates |

3 Comments »

  1. […] This post was mentioned on Twitter by James Finley. James Finley said: US Car sales jumped in April…….: http://wp.me/pAL4p-2ER […]

    Pingback by Tweets that mention US Car sales jumped in April……. « PoliticalDog101.com -- Topsy.com | May 4, 2010 | Reply

  2. If I “recall” correctly, I heard sales might “crash” again.

    PS: Gas hit the $2.89 per gallon level in MA last week.

    Comment by Manila Calling! | May 4, 2010 | Reply

    • ar a certain point people get pissed …then congress steps on it and the speculators relent and let the price drops….

      Comment by jamesb101 | May 4, 2010 | Reply


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