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U.S. Sales: This Was A VERY Strong January (auto sales)
The Truth About Cars ^ | 2/1/2013 | Bertel Schmitt

Posted on 02/01/2013 4:56:09 PM PST by nascarnation

The U.S. new car market was up strongly in January. GM and Ford surprised analysts with double digit sales rates. Toyota, up 26.6 percent also surprised.

GM is up 16 percent on very strong sales of the Equinox and its Silverado and Sierra pickups.

Ford prints a 22 percent increase, powered by the Fusion. Lincoln sales are down 18 percent while customers wait for the MKZ to arrive in quantity at their dealers.

Chrysler was up 16 percent, but jaded analysts expected more.

Detroit OEMs and analysts expect the SAAR to be in the mid 15 million range

(Excerpt) Read more at thetruthaboutcars.com ...


TOPICS: Business/Economy; Culture/Society; Miscellaneous; News/Current Events
KEYWORDS: automobile; sales
I'm surprised. I know the average age and accumulated miles of the US auto population is at an all time high, but I'm surprised people have the resources to buy.
1 posted on 02/01/2013 4:56:20 PM PST by nascarnation
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To: nascarnation

You do if you’re receiving government benefits and have someone else living with you in the same household footing bills whose income you didn’t report when you applied for them...


2 posted on 02/01/2013 4:59:24 PM PST by jsanders2001
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To: nascarnation

Yeah, huh. I just put a new fuel pump in my 1999 Ranger last Friday. Not the whole works—just the pump. It was all I could afford.


3 posted on 02/01/2013 5:03:27 PM PST by bigheadfred
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To: All


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4 posted on 02/01/2013 5:06:19 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: nascarnation
but I'm surprised people have the resources to buy.

..people want to take advantage of tax laws for 2012...2013 brings OBAMAWORLD taxes...they pulled their money out in 2012

5 posted on 02/01/2013 5:13:31 PM PST by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: nascarnation
The last thing I did last year was replace my 11 year old van with a new AWD Outback that's more capable and gets much better gas mileage. It's also supposed to be as reliable or better than the van, which is good since I don't think I'll be able to replace or fix it again any time soon.

I might not have made the trade if Romney would have won instead of obama. As it is, I'm preparing for the worst and this was spend money to save money while I still find the money to replace an old 18 mpg van.

Fortunately, this OB has been awesome and came with no buyer's remorse whatsoever. I wish I had traded sooner.

6 posted on 02/01/2013 5:21:46 PM PST by GBA (Here in the Matrix, life is but a dream.)
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To: GBA

Lovingly manufactured by (non-union) Hoosiers in Lafayette, Indiana. Well done.


7 posted on 02/01/2013 5:27:18 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: nascarnation

Let’s see how many are buying next year after paying $20,000+ for health insurance.


8 posted on 02/01/2013 5:27:18 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: GBA

Here, only lesbians buy Subarus but I do like the vehicles, other than that.


9 posted on 02/01/2013 5:29:27 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: steve86

Anybody faced with that number will punt and take their chances with the IRS penalty.


10 posted on 02/01/2013 5:29:53 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: nascarnation

Betcha more than half of the sales were within that 50 miles radius of D.C. !!

Can we learn the where?


11 posted on 02/01/2013 5:35:02 PM PST by George from New England (escaped CT in 2006, now living north of Tampa)
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To: nascarnation

Those who can afford it will find new cars unbelievably good all around, very enticing.

The top-selling vehicles in most categories are ‘can’t go wrong’ choices.

http://www.goodcarbadcar.net/2013/01/2012-usa-auto-sales-rankings-by-model7.html


12 posted on 02/01/2013 5:43:01 PM PST by jjotto ("Ya could look it up!")
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To: nascarnation
Auto sales can also defensive. Kind of like an AR-15...gotta be able to shoot, gotta be able to move your people.

Not surprised at all.

Brass and full metal jacket lead are the rarest of metals.

Saddle up boyz...Obama is coming for us soon!

13 posted on 02/01/2013 5:47:20 PM PST by RoosterRedux (Get armed, practice in the use of your weapons, get physically fit, stay alert!)
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To: nascarnation

Did Uncle just purchase a new fleet?


14 posted on 02/01/2013 5:57:13 PM PST by SampleMan (Feral Humans are the refuse of socialism.)
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To: nascarnation

Just bought yesterday. Needed a better option.


15 posted on 02/01/2013 5:57:30 PM PST by Chickensoup (200 million unarmed people killed in the 20th century by Leftist Totalitarian Fascists)
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To: nascarnation
My pleasure. But, the Job Well Done(!) goes to the Hoosiers who built this car! I had no idea OBs are as nice as this, let alone as capable. The AWD on these cars is amazing. I've heard the factory where these are built is somewhat amazing, too. I can't believe I never paid much attention to them before actually buying one. Just lucked into it.
16 posted on 02/01/2013 6:06:11 PM PST by GBA (Here in the Matrix, life is but a dream.)
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To: steve86
Here, only lesbians buy Subarus but I do like the vehicles, other than that.

I've heard that. Hmmm...apparently I now share both their preference for women and cars.

Does that mean I could be a male lesbian? Sounds like a protected class...can I get subsidy and a government check for that?

17 posted on 02/01/2013 6:11:59 PM PST by GBA (Here in the Matrix, life is but a dream.)
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To: jjotto
Those who can afford it will find new cars unbelievably good all around, very enticing.

Zero interest here even if I could afford it --- can't work on 'em (other than plugging in the ODB-II cable). Also can't stand the pussified, weenie, metrosexual styling.

18 posted on 02/01/2013 6:23:28 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: steve86

http://www.cbsnews.com/8301-505123_162-43140309/gay-friendly-cars-is-subaru-number-one/

...According to Joe LaMuraglia, a former Nissan employee who now serves as Gaywheels.com’s publisher, Saab deserves special mention as the brand most over-represented among gay and lesbian buyers. The Sweden-based General Motors subsidiary has only a tiny .1 percent of the U.S. market, but gay men are 18 times more likely to own one than is the general public. Lesbians are 11 times more likely to own a Saab.

The brand preferences diverge after Saab.

For lesbians, the number two brand in terms of over-representation is Scion, followed by Jeep, Subaru and Saturn.

For men, it’s Audi, then Mini, VW and Jaguar...


19 posted on 02/01/2013 6:23:36 PM PST by jjotto ("Ya could look it up!")
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To: nascarnation

Isn’t there a phenomenon, a hallowed tradition in the auto industry, something called stuffing the pipe?


20 posted on 02/01/2013 6:24:02 PM PST by Bill W was a conservative (Profile, detain, interrogate, deport.)
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To: nascarnation

Trading in vehicles soaked by hurricane Sandy?


21 posted on 02/01/2013 6:24:02 PM PST by Domestic Church (AMDG ...)
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To: nascarnation

Trading in vehicles soaked by hurricane Sandy?


22 posted on 02/01/2013 6:24:22 PM PST by Domestic Church (AMDG ...)
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To: Bill W was a conservative

Channel stuffing games!!!


23 posted on 02/01/2013 6:25:02 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: steve86

FWIW, I don’t like the ‘sitting in a bathtub’ interiors popular now either. But that doesn’t mean they aren’t great transportation.


24 posted on 02/01/2013 6:27:18 PM PST by jjotto ("Ya could look it up!")
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To: Bill W was a conservative

These are retail sales, channel stuffing is wholesale numbers.


25 posted on 02/01/2013 6:27:38 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: jjotto

What does it tell you that Saturn and Saab (I think) are defunct?


26 posted on 02/01/2013 6:28:09 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: steve86

These are retail numbers.

Channel stuffing is pushing cars onto dealers which is wholesale numbers.


27 posted on 02/01/2013 6:29:46 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: steve86

My thoughts exactly, except that the only car companies who have resisted pandering to gays are Hyundai-Kia and the now-defunct Suzuki.


28 posted on 02/01/2013 6:34:06 PM PST by jjotto ("Ya could look it up!")
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To: Domestic Church
Sandy could be a factor.

BTW those vehicles are in salvage lots, not being traded in.

Thousands and thousands of them


29 posted on 02/01/2013 6:34:09 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: jjotto

I didn’t realize that. Full disclosure: I own a Suzuki 4WD and use it offroad like an oversize quad.


30 posted on 02/01/2013 6:39:31 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: steve86

Still a lot of new 2012 Suzukis for sale, and the company is fine financially worldwide so parts should still be available. Motorcycles, ATVs and marine products will still sell here.


31 posted on 02/01/2013 6:50:53 PM PST by jjotto ("Ya could look it up!")
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To: jjotto

I mean I didn’t know about the lack of pandering. Knew about U.S. Suzuki Automotive’s decision. A dealer here has been trying to sell a new 2012 Equator pickup for about $22,000 since maybe late December and hasn’t had any takers. One problem with Suzuki’s parts distribution (in automotive) is that they have always tended to run out of high demand (poorly designed) parts, like the heater control on my Sidekick. I had to make one.


32 posted on 02/01/2013 6:57:02 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: steve86

Isn’t the Equator about 97% Nissan Frontier content?
That should make the parts available via them, no?


33 posted on 02/01/2013 7:00:38 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: nascarnation

I don’t believe it in the least. About a month ago or so, I wrote an observation about the number of cars and trucks on the dealers lots. The number of cars and trucks on the lots have not gone down, they have increased. They are over flowing the dealer lots and are being parked on adjacent lots and fields. What Government Motors has done is shipped the vehicles to the dealers and counted them as sold. Gigantic management and employee bonuses are in the offing because of the double digit “sales”. Watch the next 6 months and wait for the “unexpected” drop in Government Motors sales.


34 posted on 02/01/2013 7:00:43 PM PST by RetiredTexasVet
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To: steve86

That’s crazy. Don’t people know that the Suzuki Equator is/was built by Nissan? It is a re-badged Nissan Frontier. If it’s 22K for 4x4 crew cab that is a killer deal. Where is it so I can buy it! I’ve owned two Frontier’s and the 05 and up are awesome trucks


35 posted on 02/01/2013 7:06:04 PM PST by kneehurts
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To: nascarnation

It is based on the Frontier but with a lot of cheaper substitutions, especially cosmetically. I didn’t mean that customers would have trouble getting Equator parts any time soon anyway. Ten-15 years down the road, yeah, you will probably be using a lot of Nissan parts, except for emissions-related stuff which you might have trouble installing in some states. Other disclosure: I still run a 1986 hardbody — has never had any significant work other than normal maintenance. Drive it most days especially recently.


36 posted on 02/01/2013 7:06:04 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: kneehurts

No, not a crew cab and I don’t believe it’s a 4WD (not positive). It may not even have A/C, which is not standard on the Equator.


37 posted on 02/01/2013 7:07:41 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: nascarnation

Originally Posted by General Motors Corporation 2007 Annual Report
“REVENUE RECOGNITION
Automotive Sales
Automotive sales consist primarily of revenue generated from the sale of vehicles. Vehicle sales are recorded when the title and risks and rewards of ownership have passed, which is generally when the vehicle is released to the carrier responsible for transporting vehicles to dealers.” Matters not whether units or dollars.


38 posted on 02/01/2013 7:07:41 PM PST by Bill W was a conservative (Profile, detain, interrogate, deport.)
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To: steve86

I’m also tickled that Hyundai and Kia aren’t pandering to gays.

Kia is headed upscale with the new Cadenza (entry-level luxury) and the true-upscale Quoris.


39 posted on 02/01/2013 7:07:55 PM PST by jjotto ("Ya could look it up!")
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To: Bill W was a conservative

That’s what I thought also. Was a thread a few years ago on another board on the subject.


40 posted on 02/01/2013 7:10:11 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: nascarnation

A lot of people in the US think happy days are here again and have started to spend money and credit again.

http://www.zerohedge.com/news/2013-02-01/spot-odd-one-out

As for cars, the Volt apparently lost quite a bit of volume in January.


41 posted on 02/01/2013 7:23:41 PM PST by ltc8k6
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To: Bill W was a conservative

I think you’re confusing wholesale numbers (used for the corporate financial statements) with retail numbers (used as an indicator of consumer economic activity).


42 posted on 02/02/2013 6:22:08 AM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: steve86

Sites like wardsauto and autonews track unsold inventory. Industry wide, inventories are trending down.

GM and Chrysler have high overall inventories from ‘stuffing the pipeline’.

A few other companies like Mitsubishi and Volvo have big supply just due to slow sales.

Most other companies are doing fine, with BMW, Audi and Subaru especially short on inventory.


43 posted on 02/02/2013 7:05:28 AM PST by jjotto ("Ya could look it up!")
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To: nascarnation
but I'm surprised people have the resources to buy.

Many really don't. If I read my search engine queries correctly, 25% of all new car loans are subprime. 40% of the used car market is subprime.

44 posted on 02/02/2013 8:24:56 AM PST by EVO X
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To: GBA

Very impressed with the new XV Crosstrek (from what I have read). It is actually has a tad more ground clearance than my Sidekick (stock). Now, if it only had low range. Guys take Subarus up in the mountains here in places you’d never think they could go (I guess it isn’t really only lezbos that buy them).

Enjoy your new Subaru!


45 posted on 02/02/2013 3:12:57 PM PST by steve86 (Acerbic by Nature, not Nurture™)
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To: nascarnation
Buy now, get rid of dollars. Owebama inflation is going to make dollars and debt worthless. By the time this communist has to stand for reelection (if ever), the dollar will depreciate by 50%.
46 posted on 02/07/2013 1:04:05 AM PST by tdscpa
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