Auto Sales May Be Going Up
April 122010
With assistance by higher customer incentives, sales by Ford, Nissan, and even Toyota showed dramatic increases compared with the same period a year ago, said dealers and industry analysts.
“Buyers are starting to feel better,” said Jeff Schuster, J.D. Power’s director of forecasting.
“While the incentives helped in March, we are looking for strong sales to continue throughout the year as access to credit and leasing continue to grow.”
In a more optimistic report, J.D. Power expects U.S. sales to reach close to 11.7 million vehicles. It had previously forecasted 11.5 million.
The numbers were quite different before the recession. Normal annual sales exceeded 16 million.