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Automakers' March US sales rise, lifted by strong economy

The strong results for March followed a weak performance in February

Reuters  |  DETROIT 

Detroit's automakers posted sales gains in new vehicles in March on the back of a strong U.S. economy, sending shares in both General Motors Co and Fiat Chrysler Automobiles NV up in early trading. GM posted a 16 percent jump in new vehicle sales from the previous March, led by a 14 percent increase in higher-margin retail sales to consumers. Fiat Chrysler (FCA) reported a 14 percent increase in sales in March. FCA said it saw a 45 percent spike in sales of its popular Jeep models, giving the brand its best sales month on record. The strong results for March followed a weak ...

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First Published: Tue, April 03 2018. 23:24 IST
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