U.S. automakers posted dismal sales for March. However, even this dismal performance was a shade better than the Wall Street’s expectations. In the process, it lifted shares from their intraday lows. Meanwhile, European carmakers have been a lot more successful and have sold more number of cars. The news on car sales from countries such as India has also been extremely positive. Ford Motor said Wednesday its sales fell 40.9% in March, not as deeply as expected, lifting its shares 11 cents, or 4.2%, to close at $2.74 in New York. The sales decline was dragged by a 41.5% drop in demand for the Focus small car, to 12,383 units. Ford Motor’s Lincoln and Mercury brand cars dropped 36.6%, to 46,467 units, in March.

So, finally, are we seeing revival in the auto industry?