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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

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Submitted Feb 24, 2013 By: bar1035

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tomok Champion Author Portland Posts:33,600 Points:2,373,210 Joined:Aug 2006	Message Posted: Mar 14, 2013 1:07:47 AM Ignore tomok Report Abuse 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:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Feb 27, 2013 11:14:58 PM Ignore honda0105 Report Abuse come to think, I could have found similar or same results w/out that much cost...
honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Feb 27, 2013 4:54:15 AM Ignore honda0105 Report Abuse 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:5,658 Points:396,070 Joined:Jun 2009	Message Posted: Feb 25, 2013 5:54:21 AM Ignore gs7101 Report Abuse Perhaps, not now but it will!
JuicyQ69 All-Star Author San Bernardino Posts:661 Points:1,164,005 Joined:Apr 2009	Message Posted: Feb 25, 2013 12:53:57 AM Ignore JuicyQ69 Report Abuse Things ARE looking up.
must87searcher Champion Author Maryland Posts:9,123 Points:1,808,245 Joined:Apr 2008	Message Posted: Feb 25, 2013 12:25:44 AM Ignore must87searcher Report Abuse 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:2,678 Points:1,645,720 Joined:Dec 2007	Message Posted: Feb 24, 2013 11:53:06 PM Ignore Amtrgas Report Abuse Looks like the Economy is getting better.
camel1 Champion Author Minnesota Posts:8,410 Points:2,294,315 Joined:Jul 2006	Message Posted: Feb 24, 2013 11:29:49 PM Ignore camel1 Report Abuse surprising
boatfloyd Champion Author Jacksonville Posts:1,863 Points:416,650 Joined:Mar 2012	Message Posted: Feb 24, 2013 11:16:31 PM Ignore boatfloyd Report Abuse Must be a Recovery Happening?
rahcat Champion Author Grand Rapids Posts:2,700 Points:690,875 Joined:Jan 2010	Message Posted: Feb 24, 2013 11:10:13 PM Ignore rahcat Report Abuse Most people can't afford a new car.
DJRIO Champion Author Miami Posts:8,186 Points:1,453,285 Joined:Jan 2008	Message Posted: Feb 24, 2013 11:08:27 PM Ignore DJRIO Report Abuse better mpg cars then old ones. big saving long term.
Blue_Cruzer Champion Author Lexington Posts:7,660 Points:1,697,285 Joined:Mar 2007	Message Posted: Feb 24, 2013 11:08:07 PM Ignore Blue_Cruzer Report Abuse Surprising.
Glock26 Champion Author Dayton Posts:1,654 Points:658,135 Joined:Mar 2011	Message Posted: Feb 24, 2013 11:07:52 PM Ignore Glock26 Report Abuse 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:5,639 Points:1,538,005 Joined:Jul 2004	Message Posted: Feb 24, 2013 11:07:14 PM Ignore N5EXY Report Abuse YeahBut - - all new cars look the same.
PrinceLH Champion Author Ontario Posts:2,832 Points:565,745 Joined:Jun 2011	Message Posted: Feb 24, 2013 11:05:57 PM Ignore PrinceLH Report Abuse It's ridiculous, that we're drowning in crude and this is happening.
joel27nc Champion Author Raleigh Posts:10,677 Points:1,886,070 Joined:Mar 2008	Message Posted: Feb 24, 2013 11:04:35 PM Ignore joel27nc Report Abuse See it drop after March 1st.
yyc2yow All-Star Author Ottawa Posts:787 Points:597,845 Joined:Dec 2009	Message Posted: Feb 24, 2013 11:03:08 PM Ignore yyc2yow Report Abuse get smaller
JENNYHK Champion Author Chicago Posts:3,781 Points:740,295 Joined:Apr 2011	Message Posted: Feb 24, 2013 11:03:02 PM Ignore JENNYHK Report Abuse I have no cash for a car.
heydano67 Champion Author California Posts:1,811 Points:386,210 Joined:Feb 2012	Message Posted: Feb 24, 2013 11:01:11 PM Ignore heydano67 Report Abuse not looking at this time
SavALot Champion Author Virginia Beach Posts:8,623 Points:1,739,410 Joined:Apr 2005	Message Posted: Feb 24, 2013 10:59:47 PM Ignore SavALot Report Abuse always a magnet for businesses
cutter1330 Champion Author Oklahoma Posts:8,143 Points:1,720,425 Joined:Jul 2005	Message Posted: Feb 24, 2013 10:59:43 PM Ignore cutter1330 Report Abuse At least it can set in drive way and look good.
NemoIL Champion Author Illinois Posts:3,164 Points:1,340,905 Joined:Aug 2008	Message Posted: Feb 24, 2013 10:58:54 PM Ignore NemoIL Report Abuse And Obama wants to increase the federal gas tax. That is his idea of taxing the "rich."
SUSANCK Champion Author Chicago Posts:3,782 Points:732,205 Joined:Apr 2011	Message Posted: Feb 24, 2013 10:58:44 PM Ignore SUSANCK Report Abuse High MPG auto's.
gasmack Champion Author Ventura Posts:1,752 Points:679,840 Joined:Feb 2011	Message Posted: Feb 24, 2013 10:55:30 PM Ignore gasmack Report Abuse Good news. Hope it continues.
macike All-Star Author South Dakota Posts:818 Points:190,360 Joined:Feb 2012	Message Posted: Feb 24, 2013 10:54:58 PM Ignore macike Report Abuse Ok
RAKARWOWSKI Champion Author Chicago Posts:4,140 Points:848,725 Joined:Jan 2011	Message Posted: Feb 24, 2013 10:54:29 PM Ignore RAKARWOWSKI Report Abuse Hope you like the change!
HA4CNN Champion Author Toronto Posts:5,765 Points:1,571,190 Joined:Dec 2006	Message Posted: Feb 24, 2013 10:53:50 PM Ignore HA4CNN Report Abuse Surprised.
Darwin00 All-Star Author Mississippi Posts:849 Points:292,985 Joined:Dec 2010	Message Posted: Feb 24, 2013 10:52:31 PM Ignore Darwin00 Report Abuse Interesting!
MRHONEST Champion Author Illinois Posts:2,222 Points:1,696,805 Joined:May 2007	Message Posted: Feb 24, 2013 10:52:30 PM Ignore MRHONEST Report Abuse 4 REAL?
Kaiyne Champion Author Chicago Posts:2,480 Points:500,415 Joined:Feb 2011	Message Posted: Feb 24, 2013 10:50:19 PM Ignore Kaiyne Report Abuse Small cars.
Chris46 Champion Author Dayton Posts:23,954 Points:2,107,475 Joined:Sep 2005	Message Posted: Feb 24, 2013 10:47:16 PM Ignore Chris46 Report Abuse When reality sets in, how much it costs to drive them......
CCLighthouse Champion Author Hartford Posts:1,136 Points:239,675 Joined:Aug 2012	Message Posted: Feb 24, 2013 10:46:57 PM Ignore CCLighthouse Report Abuse I think we're all at the point of needing new cars!
lippoe_sokan All-Star Author Provo Posts:748 Points:209,425 Joined:Nov 2012	Message Posted: Feb 24, 2013 10:46:07 PM Ignore lippoe_sokan Report Abuse Higher gas prices are probably putting a damper on other purchases, however.
mia3bxs Veteran Author Miami Posts:492 Points:332,490 Joined:Jul 2011	Message Posted: Feb 24, 2013 10:44:29 PM Ignore mia3bxs Report Abuse It should put a damper. US consumers just don't get it.
DesertRat2011 Champion Author Riverside Posts:3,761 Points:512,280 Joined:Jun 2011	Message Posted: Feb 24, 2013 10:42:04 PM Ignore DesertRat2011 Report Abuse 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:353,350 Joined:Apr 2011	Message Posted: Feb 24, 2013 10:41:06 PM Ignore Doomsday64 Report Abuse Good for them
Tiernan Champion Author Chicago Posts:3,620 Points:847,525 Joined:Sep 2005	Message Posted: Feb 24, 2013 10:36:56 PM Ignore Tiernan Report Abuse No direct connection between them. What a silly assertion.
sydb7 Champion Author Atlanta Posts:3,657 Points:1,941,890 Joined:Mar 2003	Message Posted: Feb 24, 2013 10:28:47 PM Ignore sydb7 Report Abuse who knows?
BREW9 Champion Author Tampa Posts:1,025 Points:2,940,635 Joined:Jun 2004	Message Posted: Feb 24, 2013 10:28:36 PM Ignore BREW9 Report Abuse no sale
cdanielwyke Champion Author Greensboro Posts:2,480 Points:594,930 Joined:Sep 2008	Message Posted: Feb 24, 2013 10:26:41 PM Ignore cdanielwyke Report Abuse 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:3,140 Points:689,340 Joined:Jul 2011	Message Posted: Feb 24, 2013 10:24:47 PM Ignore Harry813 Report Abuse I didn't buy one..
wayoung56 Champion Author Alabama Posts:2,925 Points:845,985 Joined:Oct 2006	Message Posted: Feb 24, 2013 10:24:14 PM Ignore wayoung56 Report Abuse 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:8,944 Points:1,871,150 Joined:Aug 2005	Message Posted: Feb 24, 2013 10:21:49 PM Ignore WIPACKERFAN Report Abuse I can't afford a new car.
SparkieMi Champion Author Kalamazoo Posts:3,407 Points:616,610 Joined:Sep 2011	Message Posted: Feb 24, 2013 10:20:33 PM Ignore SparkieMi Report Abuse Can not buy unless you can afford it!!!!
carloco75 Champion Author Richmond Posts:3,854 Points:628,695 Joined:Oct 2010	Message Posted: Feb 24, 2013 10:20:28 PM Ignore carloco75 Report Abuse What Recession..?
us4usa Champion Author Missouri Posts:6,125 Points:1,138,560 Joined:May 2008	Message Posted: Feb 24, 2013 10:20:17 PM Ignore us4usa Report Abuse 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:5,710 Points:1,540,805 Joined:Oct 2008	Message Posted: Feb 24, 2013 10:19:19 PM Ignore serrog Report Abuse ok
Brucevanf Champion Author New Brunswick Posts:1,498 Points:271,985 Joined:Aug 2012	Message Posted: Feb 24, 2013 10:18:10 PM Ignore Brucevanf Report Abuse Small fuel efficient cars that are selling.
Focus2 Champion Author Illinois Posts:7,910 Points:1,928,475 Joined:Mar 2006	Message Posted: Feb 24, 2013 10:14:21 PM Ignore Focus2 Report Abuse 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:1,460 Points:244,260 Joined:Aug 2012	Message Posted: Feb 24, 2013 10:12:09 PM Ignore wshokie12 Report Abuse Good.