Federal Loans Increased Sales, Auto Loans for GM and Chrysler


Bloomberg.com - April 5, 2009

GM and Chrysler March auto sales declined less than expect­ed after fed­er­al loans came through and improved auto loan approvals. GMAC approved about 62% of loan requests in March, much high­er than in recent months. The drop in car sales may have hit bot­tom, accord­ing to a JPMor­gan Chase & Co. ana­lyst.