Car Sales Stabilizing? A Little?

Is there a glimmer of hope for the beleaguered US auto industry?

Today’s monthly car sales were terrible, of course. But they could’ve even been more terrible.

  • Ford (F) sales dropped about 40%, but analysts had been looking for a 45% decline.
  • GM (GM) fell 45%, but it says that March 31st (yesterday) was its best day since last September. Could it be that Americans are going to buy cars out of patriotic pride?
  • And Chrysler saw a decline of 39%, but said the market was showing “signs of life”.

And we’re back!

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