Posted on 09/03/2014 8:23:04 AM PDT by SeekAndFind
Edited on 09/03/2014 9:01:34 AM PDT by Admin Moderator. [history]
Auto sales rose to their highest August levels in about a decade based on the early reports from automakers Wednesday.
Chrysler, Ford, Toyota and Nissan all posted gains while General Motors saw sales slip.
Automakers sold about 1.6 million vehicles in the U.S. in August, an increase of about 3% from the same period a year earlier, according to initial industry estimates released Wednesday.
Population is growing.
With the loss of the destroyed cars from Cash For Clunkers and aging used cars, new cars are needed.
Cash For Clunkers was 5 years ago. A lot of those cars the loans are ending. (Some people just like to roll from one loan into another.)
Are auto companies going all out to dump cars before the midterm elections to help their muzzie pal Obama? We already know that they’re going to tell us the economy is doing great before the election.
Now you just have to wait for the 0% financing for 72 months, or the 1.5% financing for 84 months!
Might as well go into debt... ya got about a year before the entire financial system goes Tango Uniform.
Sales were about the same. The “increase” was due to the way the month fell. 5 weekends. Toyota’s month (can’t speak to others) ran through the 2nd. Toyota won’t end mo. on a Sat. Won’t end on a holiday(labor day) so the month ran through yesterday(Tuesday).
We have a short mo. for sept and of course are expected to sell the same or more units. Or Else......
We took our Toyota in for an oil change yesterday and while waiting, toured the sales floor. My eyes used to water at the prices, but I have gotten used to that. What hit me was the mileage ratings on some vehicles - 14-18 MPG!!
Jesu. The 14- miler was a big truck with a V-8, so I could understand that, but the 18- was some mid-size Cadillac sedan. I couldn’t believe cars with that low mileage would still be selling these days.
I follow the LA Times Business News on Flipboard and they are always pushing some rosy economic story it is hilarious. (i.e. Obamacare has already created 1 billion jobs and reduced the deficit by $1 Trillion). Also lots of news on celebrity home sales. I suspect it was just the opposite when Bush was President.
So, a lot of used cars are going to be hitting the market.
How's that going to affect new car sales.
I got 0.9 on the wife’s new BRZ. The old pacifica made it to 115k but was going down hill fast. We got 4k on a trade in so not too bad
How's that going to affect new car sales.
REALLY????
Think about it.
I'll give you an hour or 2.
The auto companies going all out to dump cars before the new models come in. Once the next year’s model is released last year’s is basically a used car for pricing purposes even if it’s never been off the lot. August is basically their last chance to get anywhere near new car prices.
“All I know is that Ford’s US$23 billion gamble in 2006 to completely overhaul their product line to the One Ford philsophy is paying off in a big way worldwide. I see a lot of new or very recently-bought Fiesta and Focus models everywhere in California. “
Thanks to Alan Mullaley——he’s a genius.
.
If you can be patient, Craig’s list is a good option for purchasing a car. Just makes sure you do a CarFax AND have a bonded auto inspection company to an inspection.
Saved 25% on my last car purchase doing that.
GM’s off because of a very ill-advised restyle of their full size trucks and SUV’s, a mainstay for them and for Ford. The Chevy and GMC trucks have been panned, but they look tame compared to the silliness foisted upon the Tahoe, Yukon and Escalade. Pity, they were clean, well proportioned designs. No more. Plastichrome eyebrows, I have no idea what they were thinking. Maybe they’re going all in for the urban hiphop crowd but ugly is ugly. Definite opportunity for Ford to regain the high ground in the full size SUV market there, if they’ll take it.
Dodge just came out with the Challenger Hellcat with 707hp. It cost around $60k plus the $10k to $20k dealer markup.
I read somewhere that the average age of cars on the road was about 10 years old. (mine is 13) This should make sales rise sooner or later.
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