Auto sales tap the brakes in March, but outlook strong
U.S. auto sales slowed down a bit in March, but the industry remains optimistic about the market. Analysts said sales remain on track to reach 17 million this year, their best performance since 2005. Low interest rates, low gas prices, the improving economy and hot new SUVs like the Subaru Outback and the Jeep Cherokee are all drawing buyers to dealerships. Sales of the Toledo-built Cherokee were up 38 percent in March.