Nissan, Ford and Chrysler led the U.S. industry to a 20% sales gain in April

Article by Christian Andrei, on August 29, 2010

The seasonally adjusted annual sales rate was 11.5 million, which is the second strongest of the year behind the 11.7 million recorded in March. Ford's retail sales increased by 32% en route to a 25% overall gain, its fifth straight month of 20% or higher. No-interest loans and discount leases result to Toyota's sales rising sharply for the second straight month.

Chrysler's 25% increase is its first double-digit jump in nearly five years. Nissan Motor had a 35% increase, and the Hyundai Group went up by 24%. TrueCar.com analyst Jesse Toprak said that he is helping put together the fundamentals for a full-blown recovery.

He added that April is another month that shows a gradual return in consumer demand that had dropped tremendously. Toprak said that the recovery has been slow but that it's on the right track.

The results raised year-to-date sales 17% above those of early 2009, when automakers wer faced with the weakest demand in nearly 30 years.

General Motors Co.'s four surviving brands (Chevrolet, GMC, Buick and Cadillac) posted a combined increase of 20%. Meanwhile, overall sales for the automaker rose by 7%.

Among smaller automakers, Subaru recorded a 48% gain in April and Volkswagen of America's sales rose by 39%. On the losing end, American Suzuki's April sales dropped by 23% and Porsche lost 6%

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