Washington DC — The U.S. automakers provided even more proof this month that they are back and leading America’s economic and manufacturing recovery with impressively strong March sales, including record sales for Ford and Chrysler. Despite rising gas prices and stiff competition from foreign automakers, Chrysler, Ford and General Motors each reported convincing sales growth.
American Automotive Policy Council (AAPC) President Matt Blunt issued the following statement:
“The resurgence of the American automakers was made clear today with the announcement of record-setting sales by Chrysler, Ford and GM. The U.S. auto industry, through its investments in world-leading technology and commitment to excellence, has set the bar high for themselves, as well as for international competitors. This is great news for the industry and the nation’s economy because increased sales means more investment and this translates into new jobs for thousands of American workers.”
The U.S. auto industry’s strong March sales and growing projections for 2012 and 2013 are clear evidence that American automakers are world leaders. Pent-up demand and rising fuel prices led to 1.4 million new vehicles sold in March with fuel-efficient models leading the way and experts projecting 14.4 million vehicles to be sold for the year, up from 12.8 million sold in 2011. If sales continue at their current pace the U.S. auto industry will have its best year since 2007.