Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:10 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
Profile Pic
tomok
Champion Author Portland

Posts:39,998
Points:2,682,160
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!
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,473
Points:1,946,515
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...
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,473
Points:1,946,515
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).
Profile Pic
gs7101
Champion Author San Antonio

Posts:7,143
Points:489,100
Joined:Jun 2009
Message Posted: Feb 25, 2013 6:54:21 AM

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

Posts:840
Points:1,415,500
Joined:Apr 2009
Message Posted: Feb 25, 2013 1:53:57 AM

Things ARE looking up.
Profile Pic
must87searcher
Champion Author Maryland

Posts:10,638
Points:2,116,430
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.
Profile Pic
Amtrgas
Champion Author Oakland

Posts:2,770
Points:1,913,140
Joined:Dec 2007
Message Posted: Feb 25, 2013 12:53:06 AM

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

Posts:9,934
Points:2,598,290
Joined:Jul 2006
Message Posted: Feb 25, 2013 12:29:49 AM

surprising
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:3,412
Points:723,540
Joined:Mar 2012
Message Posted: Feb 25, 2013 12:16:31 AM

Must be a Recovery Happening?
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:4,345
Points:999,600
Joined:Jan 2010
Message Posted: Feb 25, 2013 12:10:13 AM

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

Posts:9,938
Points:1,762,235
Joined:Jan 2008
Message Posted: Feb 25, 2013 12:08:27 AM

better mpg cars then old ones. big saving long term.
Profile Pic
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.
Profile Pic
Glock26
Champion Author Dayton

Posts:3,130
Points:955,055
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)
Profile Pic
N5EXY
Champion Author Austin

Posts:7,196
Points:1,846,020
Joined:Jul 2004
Message Posted: Feb 25, 2013 12:07:14 AM

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

Posts:4,373
Points:873,470
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.
Profile Pic
joel27nc
Champion Author Raleigh

Posts:12,227
Points:2,195,020
Joined:Mar 2008
Message Posted: Feb 25, 2013 12:04:35 AM

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

Posts:1,037
Points:650,705
Joined:Dec 2009
Message Posted: Feb 25, 2013 12:03:08 AM

get smaller
Profile Pic
JENNYHK
Champion Author Chicago

Posts:5,305
Points:1,044,095
Joined:Apr 2011
Message Posted: Feb 25, 2013 12:03:02 AM

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

Posts:2,454
Points:655,595
Joined:Feb 2012
Message Posted: Feb 25, 2013 12:01:11 AM

not looking at this time
Profile Pic
SavALot
Champion Author Virginia Beach

Posts:10,116
Points:2,045,635
Joined:Apr 2005
Message Posted: Feb 24, 2013 11:59:47 PM

always a magnet for businesses
Profile Pic
cutter1330
Champion Author Oklahoma

Posts:9,364
Points:2,014,770
Joined:Jul 2005
Message Posted: Feb 24, 2013 11:59:43 PM

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

Posts:4,500
Points:1,620,400
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."
Profile Pic
SUSANCK
Champion Author Chicago

Posts:5,303
Points:1,009,415
Joined:Apr 2011
Message Posted: Feb 24, 2013 11:58:44 PM

High MPG auto's.
Profile Pic
gasmack
Champion Author Ventura

Posts:2,884
Points:956,190
Joined:Feb 2011
Message Posted: Feb 24, 2013 11:55:30 PM

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

Posts:2,155
Points:489,565
Joined:Feb 2012
Message Posted: Feb 24, 2013 11:54:58 PM

Ok
Profile Pic
RAKARWOWSKI
Champion Author Chicago

Posts:5,666
Points:1,156,200
Joined:Jan 2011
Message Posted: Feb 24, 2013 11:54:29 PM

Hope you like the change!
Profile Pic
HA4CNN
Champion Author Toronto

Posts:7,090
Points:1,840,380
Joined:Dec 2006
Message Posted: Feb 24, 2013 11:53:50 PM

Surprised.
Profile Pic
Darwin00
Champion Author Mississippi

Posts:1,768
Points:573,580
Joined:Dec 2010
Message Posted: Feb 24, 2013 11:52:31 PM

Interesting!
Profile Pic
MRHONEST
Champion Author Illinois

Posts:2,684
Points:1,971,900
Joined:May 2007
Message Posted: Feb 24, 2013 11:52:30 PM

4 REAL?
Profile Pic
Kaiyne
Champion Author Chicago

Posts:3,972
Points:800,220
Joined:Feb 2011
Message Posted: Feb 24, 2013 11:50:19 PM

Small cars.
Profile Pic
Chris46
Champion Author Dayton

Posts:31,447
Points:2,408,845
Joined:Sep 2005
Message Posted: Feb 24, 2013 11:47:16 PM

When reality sets in, how much it costs to drive them......
Profile Pic
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!
Profile Pic
lippoe_sokan
Champion Author Provo

Posts:2,186
Points:512,725
Joined:Nov 2012
Message Posted: Feb 24, 2013 11:46:07 PM

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

Posts:517
Points:540,390
Joined:Jul 2011
Message Posted: Feb 24, 2013 11:44:29 PM

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

Posts:5,293
Points:813,550
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.
Profile Pic
Doomsday64
All-Star Author Austin

Posts:905
Points:370,150
Joined:Apr 2011
Message Posted: Feb 24, 2013 11:41:06 PM

Good for them
Profile Pic
Tiernan
Champion Author Chicago

Posts:5,105
Points:1,154,000
Joined:Sep 2005
Message Posted: Feb 24, 2013 11:36:56 PM

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

Posts:4,707
Points:2,198,240
Joined:Mar 2003
Message Posted: Feb 24, 2013 11:28:47 PM

who knows?
Profile Pic
BREW9
Champion Author Tampa

Posts:2,542
Points:3,247,980
Joined:Jun 2004
Message Posted: Feb 24, 2013 11:28:36 PM

no sale
Profile Pic
cdanielwyke
Champion Author Greensboro

Posts:2,978
Points:701,350
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.
Profile Pic
Harry813
Champion Author Iowa

Posts:4,559
Points:992,870
Joined:Jul 2011
Message Posted: Feb 24, 2013 11:24:47 PM

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

Posts:4,375
Points:1,141,410
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!!!
Profile Pic
WIPACKERFAN
Champion Author Chicago

Posts:10,480
Points:2,179,005
Joined:Aug 2005
Message Posted: Feb 24, 2013 11:21:49 PM

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

Posts:4,875
Points:912,510
Joined:Sep 2011
Message Posted: Feb 24, 2013 11:20:33 PM

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

Posts:5,430
Points:930,925
Joined:Oct 2010
Message Posted: Feb 24, 2013 11:20:28 PM

What Recession..?
Profile Pic
us4usa
Champion Author Missouri

Posts:7,007
Points:1,368,780
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...
Profile Pic
serrog
Champion Author Nova Scotia

Posts:7,251
Points:1,847,785
Joined:Oct 2008
Message Posted: Feb 24, 2013 11:19:19 PM

ok
Profile Pic
Brucevanf
Champion Author New Brunswick

Posts:3,029
Points:580,370
Joined:Aug 2012
Message Posted: Feb 24, 2013 11:18:10 PM

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

Posts:8,113
Points:2,026,360
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.
Profile Pic
wshokie12
Champion Author Winston-Salem

Posts:2,535
Points:507,140
Joined:Aug 2012
Message Posted: Feb 24, 2013 11:12:09 PM

Good.
Post a reply Back to Topics