Glimmer of hope for automakers in March

? Talk of government loans and bankruptcy and a 37 percent drop in March sales isn’t good news, but despite it all, there seems to be a little optimism returning to the U.S. auto industry.

Carmakers’ March sales were dismal compared with last year, but consumers lured by record incentives pushed the February-to-March increase above the normal rise that comes at the end of winter.

“Maybe we’ll get — imagine that — some momentum going,” said Mike DiGiovanni, executive director of global market and industry analysis for General Motors Corp., whose 45 percent sales decline last month was the worst among the major automakers.

Americans bought 857,735 new vehicles in March, compared with 1.36 million in the same month a year ago, Autodata Corp. said Wednesday. But sales jumped nearly 25 percent from February, beating the typical increase of about 20 percent and increasing optimism that the worst may be over for an industry battered by the global recession.