For automakers, 2012 looks like it will be better than expected -- at least in the U.S.
U.S. consumers are on pace to buy about 1.4 million new cars and trucks in March, or about 6% more than in the same month last year.
That would put the industry on pace to sell 14.1 million for the year, which is higher than most industry analysts expected at the start of 2012, when analysts were predicting sales of less than 14 million.
"Results for the first quarter of 2012 suggest that the year will be better than current expectations," said Jeff Schuster, senior vice president of forecasting at LMC Automotive.
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