Glimmer of hope in March's steep auto sales drop

Mike Sieber of North Attleboro, Mass., looks at new cars in the Pride Hyundai showroom in Lynn on Wednesday. GM and Hyundai spent more on incentives than they ever have. Ford said its incentive spending was the same as a year ago.

Associated Press

Mike Sieber of North Attleboro, Mass., looks at new cars in the Pride Hyundai showroom in Lynn on Wednesday. GM and Hyundai spent more on incentives than they ever have. Ford said its incentive spending was the same as a year ago.

March was another dismal month for U.S. auto sales but still better than February, giving hope that the worst of the industry slump is passed. Here are some key numbers:

857,735

Light vehicles sold last month, down 37 percent from March 2008.

45 percent and 41 percent

Monthly declines for GM and Ford, respectively, over March 2008. Other carmakers' numbers were only marginally better.

25 percent

The amount of "spring bump" in sales U.S. carmakers saw in March. Typically, it's 20 percent.

$3,169

The average incentive on vehicles sold last month, up 30 percent from 2008.

Associated Press

Glimmer of hope in March's steep auto sales drop 04/01/09 [Last modified: Thursday, April 2, 2009 9:13pm]

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