March Auto Sales Out Like a Lion

Published: Apr 4, 2014

Despite bleak predictions made by Forbes at the end of March, auto sales for the month were not out like a lamb. They were out like a lion.

The last weekend of March was especially strong for auto dealers with Toyota dealerships having “their two best sales weekends of the year.”

Auto dealers sold 1.5 million vehicles in March, comprising a growth of 6%, much higher than what experts predicted. With that, the first quarter of 2014 ends with a 1.4 percent increase, despite the slowdown cause by bad weather in January and February.

March was especially great for Subaru, which posted a gain of 21%, but other big automakers are also enjoying strong sales. Chrysler saw a 16% increase, followed by Nissan (8%), Toyota (5%), GM (4%) and Ford (3%).

Based on the sales in Q1, LMC Automotive and Toprak have adjusted their sales predictions to 16.1 million units for the whole year. 2013 ended with 15.6 million vehicles sold.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.

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