Auto sales surged in April from depressed levels of a year earlier, but the selling pace slumped from March, when several manufacturers launched major marketing campaigns and began offering big incentives to buyers.
Automakers sold just under 1 million cars in April. Although that was up almost 20% from a year earlier, it translated into an annual sales rate of about 11.2 million vehicles, down from a rate of 11.8 million in March.
Despite the slowdown, most of the big manufacturers said Monday that the industry was still on track to recover from last year's dismal economy, when automakers sold 10.4 million vehicles.
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