US Auto Sales Surge To A 6-Year High

[nhboy]

Link to original article.

"The big auto makers have been announcing their August sales figures throughout the day.

At this point, it looks like U.S. auto sales hit an annualized rate of 16.0 million, up from around 15.7 million in July.

This was much stronger than the 15.8 million expected by analysts.

Here's a tally of of the individual automakers' stats:

Chrysler: +12% (Est. +13%)
Ford: +12% (Est. +10%)
GM: +14.7 (Est. 11%)
Toyota: +22.8% (Est. +15%)
Nissan: +22.3% (Est. +17%)
Honda: +26.7% (Est. +20%)
Mazda: +26.4%
Mitsubishi: +24.3%
Suburu: +45.1%
Isuzu: +40.6%
Volkswagen: -1.6%
Audi: +21.5%
Mercedes: +15.3%
BMW: +45.7%
Mini: +5.3%
Porsche: +9.9%
Volvo: -12.7%
Jaguar: +67.4%
Land Rover: +32.5%
Hyundai: +8.2%
Kia: +4.0%

THANK YOU PRESIDENT OBAMA!​

 

[Dakota]

Sales are up because people cannot run their ####ty older cars no more and had to go new.

Wait, WTF???

Jaguar: +67.4%

:shakeshead:

QE has made the rich... richer...

 

[Foxhound]

Sales are up because people who had to file for bankruptcy have to rebuild their credit. Bankruptcies have soared since 2008. Best way to rebuild your credit buy a car.


Edit to add: Thank you president Obama!

 

[Pete]

Same time next year there will be a flood of repo's being auctioned when RIF's and CSS cuts kick in.

 

[czygvtwkr]

So auto sales are back up to levels not seen since Bush was President?

 

[itsbob]

So auto sales are back up to levels not seen since Bush was President?

No, those levels we still haven't seen..

 

[bcp]

The numbers seem to indicate people moving to more economical cars.

as far as the jag goes, the numbers indicate individual sales, not market share, so it might not take as many actual sales to increase the number like that.

 

[Larry Gude]

Progressive economy:

Guns, oil, war and cars.

 

[tommyjo]

Sales are up because people cannot run their ####ty older cars no more and had to go new.

QUOTE]

This is called "pent up demand"...it is a really basic concept...take the time to look it up before your next post...

Pent up demand is a very positive sign in a post recession economy....

 

[tommyjo]

Sales are up because people who had to file for bankruptcy have to rebuild their credit. Bankruptcies have soared since 2008. Best way to rebuild your credit buy a car.


Edit to add: Thank you president Obama!

Yeah...that's just a dumb comment.

 

[tommyjo]

No, those levels we still haven't seen..

2013 -6 = 2007

These were highest numbers since Nov 2007 on total sales and highest daily volume for a month since May 2007...

Who was President in 2007???

 

[cwo_ghwebb]

THANK YOU PRESIDENT OBAMA!​

Did Obama give you money for your new car, or did mommy buy it for you as she's now making $15.00/hour flipping burgers?

 

[meddauna]

Curious...

Average U.S. car is 11.4 years old, a record high - Aug. 6, 2013

 

[cwo_ghwebb]

Curious...

Average U.S. car is 11.4 years old, a record high - Aug. 6, 2013

Good thing that cash for clunkers program expired.

 

[CrashTest]

Doesn't matter how many cars are sold in the US because they're all being made in Mexico and Canada.

The US is a nation of burger flippers.

 

[Tilted]

So auto sales are back up to levels not seen since Bush was President?

That's correct, back to an annual pace that we haven't seen since late 2007 - but not back to the best annual pace (or a pace equal to the best annual total) we saw during President Bush's time in office.

 

[BOP]

Curious...

Average U.S. car is 11.4 years old, a record high - Aug. 6, 2013

One of my cars is 11 years old, and the other one is 14. But then, I work for a living to support the leeches of society who can actually afford to buy a new car. I can't.

 

[Tilted]

The numbers seem to indicate people moving to more economical cars.

as far as the jag goes, the numbers indicate individual sales, not market share, so it might not take as many actual sales to increase the number like that.

According to TrueCar, the average transaction price for new cars continues to rise and is at a record level ($31,252 - up $164 month-over-month and $978 year-over-year). ATP growth has been especially strong for Ford and GM over the last year.

And, yeah, regarding Jaguar sales... they went from 5 to 8.

 

[nhboy]

One of my cars is 11 years old, and the other one is 14. But then, I work for a living to support the leeches of society who can actually afford to buy a new car. I can't.

Your situation is the fault of no one but yourself. Get off your fat, miserable butt and get a better paying job. Problem solved.