Tag Archives: March

Electric Vehicles Outsell Plug-In Hybrids in March

March was a fantastic month for car sales in the U.S., but more notably, it was the best month for electric vehicles ever recorded.

Last month, there were 4,553 battery electric vehicles sold, outselling electric hybrids for the first time ever. There were 3,079 electric hybrid vehicles sold that month and an additional 46,327 hybrid units, bringing the total of electric and hybrid vehicles to 53,959 units.

By comparison, there were 2,616 battery electric vehicles sold in February and 2,022 vehicles sold in January. According to EV World News, the Nissan Leaf did quite well in March selling 2,236 units, and they outsold the Chevy Volt which sold 1,478 units in March. Nissan and Chevy both dropped their prices on the Leaf and Volt considerably last year after sales for both models were lagging, and March might be a sign of those discounts really paying off.

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High Auto Sales Predicted for March

Will March be the best month yet this year for American automakers? U.S. auto sales have continued to surprise even the most optimistic analysts, and now, it is expected that March sales will make the beginning of 2012 the best quarter in four years.

The Fiscal Times attributes the soaring auto sales to two factors. First, the economy is improving. It might not always seem like it, but the economy is improving slowly but surely. Second, car buyers are having an easier time finding financing. Part of that is due to services like Approved Loan Store which help people with poor credit and good credit alike get into a car.

Car ownership is an important part of economic recovery. Rising car sales are not only a sign that people have money to spend, it also shows that people are taking steps to avoid future problems. Car ownership has a strong correlation with less dependance on public assistance because employees are not dependent on public transportation and are not limited to employment options close to bus lines or subways. The fact that people are choosing car ownership is very encouraging to both U.S. automakers and Americans hoping for economic recovery.

Will you be shopping for a new or used vehicle in March? Make your search easier by applying through Approved Loan Store here, and make sure to like Approved Loan Store on Facebook and following Approved Loan Store on Twitter to keep up with the latest auto news and trends.

Image: Ambro / FreeDigitalPhotos.net