SOURCE: Industrial Info Resources

Industrial Info Resources

April 05, 2011 06:30 ET

U.S. Auto Sales Up 17% in March, Despite Tsunami-Related Parts Shortages, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 5, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The automotive sector has been flourishing in the United States during the last year. Sales have recovered solidly from the turmoil facing the automakers during the recession. However, most analysts were predicting lower sales results in March thanks to the devastation created by the tsunami that ravaged parts of Japan earlier in the month. Despite the parts shortages caused by the damage, which affected almost every automaker in some way, monthly automotive sales in the U.S. were up 17%. 

All of the major automakers made significant sales gains in March, with one notable exception: Toyota Motor Corporation (NYSE:TM) (Tokyo), which saw its sales decline 6% for the month. Ford Motor Company (NYSE:F) (Dearborn, Michigan) took control of the automotive sales race for 2011 in March, posting increases of 19% when compared to only a year ago.

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