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Consumer Confidence Boosts April US Auto Sales

Consumer Confidence Boosts April US Auto Sales

By May 04, 2010

April 2010 US Auto Sales showed sizeable gains over depressed 2009 levels.  Ford and Nissian Motors led the way with double digit gains posting sales increases of over 25 pct. GM sales showed a positive increase of last year April sales figures.

Consumer confidence returned as Government stimulus packages helped stem the Greatest Recession in the post WW II era.  Expensive consumer items such as automobiles were hit hard as buyers curtailed spending as panic set in.

Recent gains in the stock market and a glimmer of hope that unemployment has stabilized helped April sales with large gains.

Ford, who did not require a bailout package, showed favorable quarterly profit of over $2B USD.  GM fared just as well by repaying bailout loans years ahead of schedule.