Thursday, March 31, 2011

General Motor, Chrysler Sales Trend Higher; March April Auto Sales Move Cars Trucks; Tax Rebate Deals Increase; Financing Trend Up

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Strong sales figures have recently been helping to prop up specific auto dealers individually, but also helping to promote the overall health and well-being of the recovering auto sector. To the surprise of many, retail sales figures of new cars and trucks for auto makers moved higher by 25 percent in January of 2011. As January is normally one of the slowest months for sales out of the year, the data was well received and a pleasant surprise. Several of the automaker giants, such as General Motors and Chrysler, revealed positive sale figure data at this time as well. Sales at General Motors jumped 25 percent and Chrysler posted an increase of 58 percent during the same time frame. The improved sales data trends are not just positive for the individual dealers, but reflect positively on our nation’s overall recovery efforts and is viewed as an indicator of overall health and economic growth. The positive data displayed at the beginning of 2011 is also analytical evidence that suggests sales throughout the remaining calendar year will trend in a positive direction overall. March sales are often abundant and the rebates and sale discounts offered increase deal making which often spills over into April. According to government tracking, consumers are beginning to make more, spend more and finance more in 2011 which is also good news for the auto makers and dealers. In addition, April brings tax rebate time and sales figures historically get a boost. Author: Stephen Johnson

General Motor, Chrysler Sales Trend Higher; March April Auto Sales Move Cars Trucks; Tax Rebate Deals Increase; Financing Trend Up



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