Glimmer of hope in March's steep auto sales drop

DETROIT -- March proved to be another dismal month of steep declines for U.S. auto sales as low consumer confidence and job uncertainty continued to keep buyers away from showrooms, but the improvement from February signaled that bargain-hunting buyers may be providing the momentum for a turnaround, according to The Associated Press.

Automakers sold 857,735 light vehicles last month, a 37 percent decline from a year earlier, according to Autodata Inc.