(NEW YORK) — Detroit’s big three carmakers had a strong month of sales in March.
The big story is small cars: High gas prices may be helping boost overall sales with more consumers trading in their old gas guzzlers for more fuel efficient cars. General Motors says last month was the first time it sold more than 100,000 cars and crossovers that get at least 30 miles per gallon.
Chrysler had a banner month with a 34 percent increase in sales compared to the year before. Ford and GM also reported gains.
More low interest car loans are being made to consumers with only average credit ratings.
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Paul Menser, Bizmojo Idaho
Rob McLean and Joshua Berlinger, CNN