Auto Industry Signals Early Economic Recovery

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by Kirk Hawkins
Bio | Email | Follow: @kirkhawkins

The big three are also showing signs of life.

G.M., Ford and Chrysler all reported big March sales figures.

Chrysler was up 34-percent for the month compared to a year ago.

 

CHARLOTTE--Analysts say the strong performance of the auto industry shows strength in the overall economy.

A leading auto industry analyst says a record of 52-thousand hybrid or electric cars were sold last month.

The average price of a new car has hit 30-thousand dollars as more customers are showing up at dealerships ready to request expensive options.

Fewer dealers, less inventory, and even fewer incentives are not deterring car buyers

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