US auto sales headed toward best month in 10 years

Posted at 11:27 AM, Apr 01, 2016
and last updated 2016-04-01 11:27:18-04

DETROIT (AP) — March is shaping up as the best month for the auto industry in more than a decade.

By the time automakers finish reporting their March sales numbers today, industry analysts expect to see a rise of 7 percent to 8 percent over a year ago.

So far, Ford, Nissan and Fiat Chrysler are all reporting big U.S. sales gains.

General Motors, which has been cutting back on sales to rental car companies, saw a slight sales increase and says its retail sales to individual buyers rose 6 percent.

Relatively low gas prices, sweet lease deals, low interest rates, easy-to-get loans and an aging fleet of cars are driving the increase.