Not Logged In Log In   Sign Up   Points Leaders
Follow Us    9:26 PM

GasBuddy News Article

63
votes
Higher gas prices not putting a damper on February auto sales

LA Times -- February is turning out to be another good month for auto sales.

"All signs of the industry’s health are positive right now," said John Humphrey, senior vice president of the global automotive practice at J.D. Power and Associates. "Average transaction prices are up, incentives are stable, leasing is at a healthy level and newly redesigned models continue to make an impact on the marketplace."

The auto research firm estimates that February auto sales will reach nearly 1.2 million, about a 7% increase from the same month a year earlier. It will be the fourth consecutive month with the annual selling rate at or above 15.2 million vehicles.

"This has led to new-vehicle transaction prices that are averaging nearly $1,000 more in February than the same period in 2012 while incentives have


Read the Full Article

Submitted Feb 24, 2013 By: bar1035
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Higher gas prices not putting a damper on February auto sales Back to Topics
REPLIES (newest first) Post a Reply
tomok
Champion Author Portland

Posts:46,312
Points:3,127,760
Joined:Aug 2006
Message Posted: Mar 14, 2013 2:07:47 AM

Higher gas prices not putting a damper on February auto sales? High gas prices? Auto Sales?
I will drive my vehicle into the ground before buying anything new, used, EV, Inbred, Plug In, diesel, hydrogen, alternative fuel, CNG, concept and certainly NOT a GM, Ford, Chrysler, Fiat, Prius, Tesla, Leaf, Volt, Peugeot or an NYC/Hurricane Sandy Special 'exploding submarine' Fiskar Karma Inbred!
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
honda0105
Champion Author Tallahassee

Posts:24,080
Points:2,392,115
Joined:Nov 2008
Message Posted: Feb 28, 2013 12:14:58 AM

come to think, I could have found similar or same results w/out that much cost...
honda0105
Champion Author Tallahassee

Posts:24,080
Points:2,392,115
Joined:Nov 2008
Message Posted: Feb 27, 2013 5:54:15 AM

I dunno about the study, but the higher the prices at the pump, the less I drive for fun (i.e. weekend short trips).
gs7101
Champion Author San Antonio

Posts:8,434
Points:573,555
Joined:Jun 2009
Message Posted: Feb 25, 2013 6:54:21 AM

Perhaps, not now but it will!
JuicyQ69
All-Star Author San Bernardino

Posts:862
Points:1,714,390
Joined:Apr 2009
Message Posted: Feb 25, 2013 1:53:57 AM

Things ARE looking up.
must87searcher
Champion Author Maryland

Posts:12,140
Points:2,559,555
Joined:Apr 2008
Message Posted: Feb 25, 2013 1:25:44 AM

There still is some question about this idea. The economy is raising in some other areas, but with raisng gas prices, there is still soem ways to go.
Amtrgas
Champion Author Oakland

Posts:2,840
Points:2,293,705
Joined:Dec 2007
Message Posted: Feb 25, 2013 12:53:06 AM

Looks like the Economy is getting better.
camel1
Champion Author Minnesota

Posts:11,478
Points:3,034,090
Joined:Jul 2006
Message Posted: Feb 25, 2013 12:29:49 AM

surprising
boatfloyd
Champion Author Jacksonville

Posts:5,027
Points:1,169,615
Joined:Mar 2012
Message Posted: Feb 25, 2013 12:16:31 AM

Must be a Recovery Happening?
rahcat
Champion Author Grand Rapids

Posts:5,975
Points:1,445,200
Joined:Jan 2010
Message Posted: Feb 25, 2013 12:10:13 AM

Most people can't afford a new car.
DJRIO
Champion Author Miami

Posts:11,556
Points:2,207,285
Joined:Jan 2008
Message Posted: Feb 25, 2013 12:08:27 AM

better mpg cars then old ones. big saving long term.
Blue_Cruzer
Champion Author Lexington

Posts:8,894
Points:1,942,465
Joined:Mar 2007
Message Posted: Feb 25, 2013 12:08:07 AM

Surprising.
Glock26
Champion Author Dayton

Posts:4,656
Points:1,384,235
Joined:Mar 2011
Message Posted: Feb 25, 2013 12:07:52 AM

Maybe people are buying new cars that don't use as much fuel because of the higher gas prices. (duh)
N5EXY
Champion Author Austin

Posts:8,780
Points:2,289,880
Joined:Jul 2004
Message Posted: Feb 25, 2013 12:07:14 AM

YeahBut - - all new cars look the same.
PrinceLH
Champion Author Ontario

Posts:5,972
Points:1,320,295
Joined:Jun 2011
Message Posted: Feb 25, 2013 12:05:57 AM

It's ridiculous, that we're drowning in crude and this is happening.
joel27nc
Champion Author Raleigh

Posts:13,809
Points:2,637,170
Joined:Mar 2008
Message Posted: Feb 25, 2013 12:04:35 AM

See it drop after March 1st.
yyc2yow
Champion Author Ottawa

Posts:1,043
Points:690,575
Joined:Dec 2009
Message Posted: Feb 25, 2013 12:03:08 AM

get smaller
JENNYHK
Champion Author Chicago

Posts:5,934
Points:1,324,570
Joined:Apr 2011
Message Posted: Feb 25, 2013 12:03:02 AM

I have no cash for a car.
heydano67
Champion Author California

Posts:2,707
Points:1,052,290
Joined:Feb 2012
Message Posted: Feb 25, 2013 12:01:11 AM

not looking at this time
SavALot
Champion Author Virginia Beach

Posts:10,870
Points:2,450,910
Joined:Apr 2005
Message Posted: Feb 24, 2013 11:59:47 PM

always a magnet for businesses
cutter1330
Champion Author Oklahoma

Posts:10,425
Points:2,437,075
Joined:Jul 2005
Message Posted: Feb 24, 2013 11:59:43 PM

At least it can set in drive way and look good.
NemoIL
Champion Author Illinois

Posts:5,794
Points:2,020,745
Joined:Aug 2008
Message Posted: Feb 24, 2013 11:58:54 PM

And Obama wants to increase the federal gas tax. That is his idea of taxing the "rich."
SUSANCK
Champion Author Chicago

Posts:6,301
Points:1,298,700
Joined:Apr 2011
Message Posted: Feb 24, 2013 11:58:44 PM

High MPG auto's.
gasmack
Champion Author Ventura

Posts:4,051
Points:1,384,055
Joined:Feb 2011
Message Posted: Feb 24, 2013 11:55:30 PM

Good news. Hope it continues.
macike
Champion Author South Dakota

Posts:2,713
Points:880,240
Joined:Feb 2012
Message Posted: Feb 24, 2013 11:54:58 PM

Ok
RAKARWOWSKI
Champion Author Chicago

Posts:7,216
Points:1,601,050
Joined:Jan 2011
Message Posted: Feb 24, 2013 11:54:29 PM

Hope you like the change!
HA4CNN
Champion Author Toronto

Posts:8,652
Points:2,278,865
Joined:Dec 2006
Message Posted: Feb 24, 2013 11:53:50 PM

Surprised.
Darwin00
Champion Author Mississippi

Posts:2,011
Points:947,925
Joined:Dec 2010
Message Posted: Feb 24, 2013 11:52:31 PM

Interesting!
MRHONEST
Champion Author Illinois

Posts:2,841
Points:2,337,765
Joined:May 2007
Message Posted: Feb 24, 2013 11:52:30 PM

4 REAL?
Kaiyne
Champion Author Chicago

Posts:4,574
Points:1,076,720
Joined:Feb 2011
Message Posted: Feb 24, 2013 11:50:19 PM

Small cars.
Chris46
Champion Author Dayton

Posts:50,638
Points:2,850,340
Joined:Sep 2005
Message Posted: Feb 24, 2013 11:47:16 PM

When reality sets in, how much it costs to drive them......
CCLighthouse
Champion Author Hartford

Posts:1,508
Points:318,315
Joined:Aug 2012
Message Posted: Feb 24, 2013 11:46:57 PM

I think we're all at the point of needing new cars!
lippoe_sokan
Champion Author Provo

Posts:3,733
Points:956,725
Joined:Nov 2012
Message Posted: Feb 24, 2013 11:46:07 PM

Higher gas prices are probably putting a damper on other purchases, however.
mia3bxs
All-Star Author Miami

Posts:517
Points:860,590
Joined:Jul 2011
Message Posted: Feb 24, 2013 11:44:29 PM

It should put a damper. US consumers just don't get it.
DesertRat2011
Champion Author Riverside

Posts:7,039
Points:1,255,570
Joined:Jun 2011
Message Posted: Feb 24, 2013 11:42:04 PM

I'll stick with my 2002 TDI Jetta for a few more years. When I replace it it will be used like when I bought it.
Doomsday64
All-Star Author Austin

Posts:905
Points:377,150
Joined:Apr 2011
Message Posted: Feb 24, 2013 11:41:06 PM

Good for them
Tiernan
Champion Author Chicago

Posts:6,665
Points:1,598,435
Joined:Sep 2005
Message Posted: Feb 24, 2013 11:36:56 PM

No direct connection between them. What a silly assertion.
sydb7
Champion Author Atlanta

Posts:5,943
Points:2,604,560
Joined:Mar 2003
Message Posted: Feb 24, 2013 11:28:47 PM

who knows?
BREW9
Champion Author Tampa

Posts:4,132
Points:3,694,060
Joined:Jun 2004
Message Posted: Feb 24, 2013 11:28:36 PM

no sale
cdanielwyke
Champion Author Greensboro

Posts:3,065
Points:714,265
Joined:Sep 2008
Message Posted: Feb 24, 2013 11:26:41 PM

I know I didn't buy one. I'm waiting on my 264000 mile car to fall apart under it's own weight one day.
Harry813
Champion Author Iowa

Posts:4,724
Points:1,348,195
Joined:Jul 2011
Message Posted: Feb 24, 2013 11:24:47 PM

I didn't buy one..
wayoung56
Champion Author Alabama

Posts:5,926
Points:1,582,660
Joined:Oct 2006
Message Posted: Feb 24, 2013 11:24:14 PM

I'm driving a car with over 241,000 miles on it because I can't afford a new one!!!
WIPACKERFAN
Champion Author Chicago

Posts:12,054
Points:2,622,730
Joined:Aug 2005
Message Posted: Feb 24, 2013 11:21:49 PM

I can't afford a new car.
SparkieMi
Champion Author Kalamazoo

Posts:6,335
Points:1,346,675
Joined:Sep 2011
Message Posted: Feb 24, 2013 11:20:33 PM

Can not buy unless you can afford it!!!!
carloco75
Champion Author Richmond

Posts:6,904
Points:1,353,210
Joined:Oct 2010
Message Posted: Feb 24, 2013 11:20:28 PM

What Recession..?
us4usa
Champion Author Missouri

Posts:7,163
Points:1,564,650
Joined:May 2008
Message Posted: Feb 24, 2013 11:20:17 PM

Thanks but no thanks, still driving our 14/22 year old vehicles... No payments, low ins. low tags and we never buy new...
serrog
Champion Author Nova Scotia

Posts:8,822
Points:2,291,915
Joined:Oct 2008
Message Posted: Feb 24, 2013 11:19:19 PM

ok
Brucevanf
Champion Author New Brunswick

Posts:4,399
Points:1,017,895
Joined:Aug 2012
Message Posted: Feb 24, 2013 11:18:10 PM

Small fuel efficient cars that are selling.
Focus2
Champion Author Illinois

Posts:8,172
Points:2,138,770
Joined:Mar 2006
Message Posted: Feb 24, 2013 11:14:21 PM

Raise prices and they still buy! I bought my first new car a Ford in 1959 for $2,100 a mileage maker six. Back in the thirties you could buy a new Dodge for $600. In 1946 you could buy a new army Jeep for $1200.
wshokie12
Champion Author Winston-Salem

Posts:3,440
Points:920,890
Joined:Aug 2012
Message Posted: Feb 24, 2013 11:12:09 PM

Good.
mabrams184
Champion Author Lexington

Posts:4,155
Points:1,262,115
Joined:Aug 2011
Message Posted: Feb 24, 2013 11:04:43 PM

All sales will be down with the high spring and summer gas prices.
Post a reply Back to Topics