America's love of trucks and SUVs helped push the auto industry to its best April ever, with most automakers reporting healthy increases.
U.S. consumers bought just over 1.5 million vehicles in April, nudging out the old record set in April 2005, according to Kelley Blue Book.
This time, it was consumer demand that was driving sales. In 2005, automakers offered wildly generous discounts and lease deals to keep their factories running. Some sold cars or trucks at a loss. Now, since the companies cut factory capacity during the Great Recession, they're selling vehicles for strong prices.
“I think it's full steam ahead,” said Rebecca Lindland, senior analyst for...