Auto News 5

The headline number for April new-cars sales is +20%. That figure represents the increase over last April, which you'll remember was a disaster of historic proportions. Still, the increase is another hopeful sign that, for the auto industry, the worst is now behind us. The pace of the recovery, however, is plodding. Volumes actually slipped a bit versus March, but the 11.5-million-unit annual sales rate still looks pretty decent compared to a year ago, when we were staring at a 9.5-million-unit year. No one is expecting a sudden downturn in the months ahead, so cautious optimism rules the day. - Joe Lorio