Kelley Blue Book says that new car sales have been so strong in March that they are on pace to reach the highest monthly sales total in the U.S. in more than five years.
Officials of the auto valuation company said it was a positive sign of the nation's economic recovery on many fronts.
The expected sales total of 1,450,000 is set to be the highest monthly figure since August 2007, which Kelley Blue Book officials described as a typically strong pre-recession month.
Alec Gutierrez, senior market analyst for the company, said in an interview that there were several reasons for the strong showing.
One is pent-up buyer demand, which isn't surprising given that the average age of the U.S. fleet is now 11 years, which is the oldest ever, Gutierrez said.