American Carmakers Bouncing Back

U.S. automakers reporting strongest sales in five years.
3:00 | 05/01/13

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Transcript for American Carmakers Bouncing Back
And we have news tonight about a strong showing in the fragile u.S. Economy. The big u.S. Auto makers, gm, ford, chrysler, showing real signs of life. The strongest spring sales in five years. Abc's chief business correspondent rebecca jarvis tells us which vehicles are selling so fast and why. Smiling from ear to ear. Reporter: Rich safeeno is smiling because its all american ford dealership is having its best year since he opened for business at the height of the great recession in 2008. You just feel the volcano about to erupt. We're doing very well. Reporter: In dealerships across the country, all said the same thing, americans are buying. Consumer confidence. Chance of losing a job is less. They know they have that paycheck. They're a whole lot more willing to come in and purchase a big item like an automobile. Reporter: Today's bestsellers are the ford fusion and honda accord. But what's really driving all of this -- trucks. The ram pickup chevy silverado and the ford f series. That speaks to the construction and housing come back. And to small, owners like this, who have bought 12 trucks in the last year. Our business is up, we're growing and replacing older vehicles that are less fuel efficient and less reliable. Reporter: Also helping, car loans have never been cheaper. You pay less over a longer term, so you could pay four grand more for your car. At this dealership, they're selling five to ten trucks a , up 74% from last year. But in order for business to keep booming both here and around the country at dealerships, you need to see housing, the economy, and most importantly, jobs stay on steady footing and keep improving. And diane, there are no guarantees on that front. On our financial coverage, rebecca, thank you. And a wake-up call tonight

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