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auto sales may rise in Q2
Toyota’s Lentz says U.S. auto sales may rise in Q2
Posted Thursday, Apr 9, 2009, 12:02 pm in Employee News
U.S. auto industry sales are expected to be equal to or slightly better in the second quarter than the first three months of the year, Toyota Motor Corp.’s U.S. sales chief told Reuters.
“We will start seeing a gradual rise in car sales,” Toyota Motor Sales USA President Jim Lentz said in an interview on the sidelines of the New York Auto Show. “Recovery will be in 2010.”
Lentz said U.S. auto industry sales in April so far have been similar to March, Reuters said. “We are not seeing an increase, but we are also not seeing a drop-off,” Lentz said.
According to Reuters, automakers reported sales approaching a 9.9 million vehicle annualized rate in March, a bump up from rates seen in the first two months of the year, but still far below the 15.1 million rate a year earlier. Auto industry sales could rise by at least 1 million vehicles in 2010, though demand could be boosted further in the near term if the United States adopts fleet modernization incentives, Lentz said in the story. (Reuters/Automotive News)
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Rick
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