GM March US sales jump, industry seen up sharply

General Motors [GM.UL] posted a 43 percent jump in U.S. sales for March from a year earlier in its continuing brands, the first of expected sharp gains by automakers driven by incentives and better weather.

Toyota Motor Corp (7203.T) expects its March U.S. sales to be up as much as 40 percent from a year earlier as it digs out from a drop in sales that followed its massive vehicle recalls and Ford Motor Co (F.N) also expects a sharp sales increase.

Ford, Toyota and other automakers will report U.S. sales later on Thursday. Last month, Ford overtook GM to be the No. 1 seller in the United States for the first time since 1998.

Toyota launched unprecedented discounts in March to try to win back customers including zero-percent financing for five years on top models such as the Camry sedan.

Read Full Article from Reuters

- Posted: 2010-04-01 10:38:16

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