Incentives Boost U.S. Auto Sales in March
DETROIT - Automakers are expected to post a sharp jump in March U.S. auto sales, supported by hefty incentives from Toyota Motor Corp, analysts told Reuters.
Also Tuesday, Toyota U.S. sales chief Jim Lentz said U.S. sales jumped about 35 percent in March from a year earlier.
Toyota introduced high incentives early in March as it sought to jump-start sales after the safety recalls and sales halts a month earlier. Competitors quickly matched those incentives.
Toyota U.S. sales chief Jim Lentz said the company is still reviewing incentive plans for April and has yet to decide whether to extend zero-financing offers and other unprecedented discounts beyond March.
Ford Motor Co and General Motors Co also are expected to be among the leaders in U.S. auto sales for March with the industry expected to report an overall increase of about 25 percent from a year earlier.
Ford is expected to remain the top seller in the U.S. market, a distinction it snared in February for the first time since 1998, according to Edmunds.com.
Ford's sales are expected to rise 40 percent year-on-year and GM sales by 31 percent, IHS Global Insight analyst Chris Hopson said.
More Industry

Auto Prices Ride May Moderation
Flat ATPs and asking prices clocked in below long-term averages for the month, though some segments saw significant price gains, reported Cox Automotive.
Read More →
Auto Retail Families Get Out While the Getting’s Good
Kerrigan Advisors’ first-quarter Blue Sky Report shows a sharp uptick in buy-sell deals as more retailers take advantage of handsome values while seeking to escape market risk.
Read More →
Holman Opens New Lexus Dealership
Located in the heart of Clark County, Lexus of Vancouver features a multi-level showroom, more than 30 service bays, an indoor drive for drop-off and pick-up and a fleet of courtesy vehicles.
Read More →
Ownership Priorities are Shifting
A new survey shows that in the U.S. vehicle quality for generation Z is largely defined by advanced safety features, intuitive technology and premium sound systems.
Read More →
Pump Price Jump Calculated
ISeeCars.com examined fuel costs for different power trains, finding which ones have experienced the biggest hits since the war in Iran commenced.
Read More →
Black Book: Weekly Market Update
Wholesale values fell last week despite the spring season still being in the traditional full-gear mode, analysts said.
Read More →
Arkansas Auto Group Acquires First Indiana Rooftop
Performance Brokerage Services represented both the buyer and seller in the sale of Carver Toyota of Columbus by Carlock Automotive Group.
Read More →
Stellantis to Dive Into U.S. Lending
The multinational maker of Chrysler, Dodge, Jeep, Ram and multiple other brands received conditional approvals for a Utah-based industrial bank.
Read More →
New-Vehicle Prices Rise
With April sales down, higher prices on in-demand large vehicles helped inflate the overall ATP, though increases were under long-term averages, Cox Automotive reported.
Read More →
Black Book: Weekly Market Update
Last week in the wholesale automotive market proved to be a mixed bag, analysts reported.
Read More →