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Will Car Sales Really Recover?

64 messages,  Last post on May 17, 2013 at 7:19 AM

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What is this discussion about? Car Buying, Car Comparisons, Car Selling, Automotive News, Truck, Sedan, SUV

    

Messages Page 7 of 8

#53 of 64 1,042,479 by Stever@Edmunds HOST

Feb 06, 2013 (4:38 pm)

"The year 2013 is off to a strong start with January car sales totaling 1,042,479 vehicles, the first January the industry has surpassed the 1-million-unit mark since 2008. The 14-percent increase in sales compared with a year ago pushed the Seasonally Adjusted Annual Rate (SAAR) of sales of 15.3 million vehicles, precisely in line with Edmunds.com's forecast and on par with the past couple of months, but significant since January usually is slow sales month."
 
January Car Sales Off to a Fast Start

#54 of 64 Re: 1,042,479 [steve_] by ateixeira

Feb 15, 2013 (7:38 am)

Replying to: Stever@Edmunds (Feb 06, 2013 4:38 pm)
There has to be pent-up demand. How many people have been waiting on the sidelines since 2008?
 
Plus, look how much more fuel efficient cars are now. That's driving demand, those 2008s are paid off and people will be looking to trade them in soon.
 
I think 15M is low...

#55 of 64 Once our... by iluvmysephia1

Feb 15, 2013 (5:33 pm)

'08 Mitsubishi Lancer GTS is fully paid off (Mar. and Apr.2013 then we're done) I fully intend ta just drive and enjoy the beautiful compact sports sedan. I would rather pick up a '62 Cheva Nova SS as a project car or buy one already restored than trade in for another new car.
 
Gonna pop open a bottle of champagne, man, when it's fully paid for!

#56 of 64 love your old cars? by Stever@Edmunds HOST

Feb 28, 2013 (3:24 pm)

A journalist is looking for proud owners of cars 11+ years old to ask why you love your car. If you love your old car and would like to share your story, please send your daytime contact info to predmunds.com no later than Monday, March 4, 2013 at noon PT/3 p.m. ET.

#57 of 64 Feb lookin' good by ateixeira

Mar 01, 2013 (10:50 am)

Early reports are coming in - Ford up 9%, GM up 7%.

#58 of 64 Re: Feb lookin' good [ateixeira] by dieselone

Mar 01, 2013 (10:52 am)

Replying to: ateixeira (Mar 01, 2013 10:50 am)
Fusion had a monster month. Feb sales were 27,875 vs. 14,817 for the Malibu.

#60 of 64 The drop-off in driving by Stever@Edmunds HOST

May 14, 2013 (7:41 pm)

"For six decades, Americans have tended to drive more every year. But in the middle of the last decade, the number of miles driven — both over all and per capita — began to drop, notes a report to be published on Tuesday by U.S. Pirg, a nonprofit advocacy organization.
 
People tend to drive less during recessions, since fewer people are working (and commuting), and most are looking for ways to save money. But Phineas Baxandall, an author of the report and senior analyst for U.S. Pirg, said the changes preceded the recent recession and appeared to be part of a structural shift that is largely rooted in changing demographics, especially the rise of so-called millennials — today’s teenagers and twentysomethings. “Millennials aren’t driving cars,” he said."
 
Young Americans Lead Trend to Less Driving (NY Times)

#61 of 64 on the other hand by Stever@Edmunds HOST

May 15, 2013 (2:24 pm)

"The share of sales to this age group fell almost 30 percent from 2007 to 2011. Then, in 2012 — a year that brought 13 percent year-over-year growth to auto sales, Millennial buyers came back to the market in force, improving their share of sales to just over 20 percent less than 2007 levels. What's more, they have largely maintained these share gains so far in 2013. Improving income and employment, more household formations, and increased consumer confidence all contributed to the boost in Millennial car buying."
 
Millennials Take the Wheel

#62 of 64 Re: on the other hand [steve_] by andre1969

May 16, 2013 (7:26 am)

Replying to: Stever@Edmunds (May 15, 2013 2:24 pm)
Isn't the millennial generation 1982-2000, or something like that? I think it's going to be hard to judge that group as a whole until the whole generation comes "on line" Right now, the oldest ones might be 30-31 (incidentally, I didn't even buy my first new car until I was about 29 1/2), but the youngest are still in middle school. Right now, about 20-25% of them aren't even old enough to get their license yet, while another similar-sized chunk probably would probably need their parents to co-sign for one.

Messages Page 7 of 8

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