A slowing descent: Auto sales fell 37%, but improved slightly

Posted by Yen Ho
Written by Kendra Marr

Only in America's beleaguered auto industry could a 37 percent drop in sales signal good news.

After months of falling sales pushed some U.S. automakers to the brink of collapse, a slight uptick in March compared with February brought a glimmer of hope that the auto industry may have already hit bottom.

"It's maybe a little tiny sign of life," Jim Press, Chrysler's vice chairman and president, said in a conference call. "It's kind of like a little seedling you have to nourish. It's too early to tell. Customers are worried. There's still a lot of bad news out there. But it isn't continuing to be worse, worse, worse."

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