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GasBuddy News Article

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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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REPLIES (newest first) Post a Reply
tomok
Champion Author Portland

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Message Posted: Mar 14, 2013 12:07:47 AM

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:24,320
Points:2,439,915
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Message Posted: Feb 27, 2013 10:14:58 PM

come to think, I could have found similar or same results w/out that much cost...
honda0105
Champion Author Tallahassee

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Points:2,439,915
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Message Posted: Feb 27, 2013 3:54:15 AM

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

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Message Posted: Feb 25, 2013 4:54:21 AM

Perhaps, not now but it will!
JuicyQ69
All-Star Author San Bernardino

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Joined:Apr 2009
Message Posted: Feb 24, 2013 11:53:57 PM

Things ARE looking up.
must87searcher
Champion Author Maryland

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Joined:Apr 2008
Message Posted: Feb 24, 2013 11:25:44 PM

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

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Message Posted: Feb 24, 2013 10:53:06 PM

Looks like the Economy is getting better.
camel1
Champion Author Minnesota

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Message Posted: Feb 24, 2013 10:29:49 PM

surprising
boatfloyd
Champion Author Jacksonville

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Message Posted: Feb 24, 2013 10:16:31 PM

Must be a Recovery Happening?
rahcat
Champion Author Grand Rapids

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Message Posted: Feb 24, 2013 10:10:13 PM

Most people can't afford a new car.
DJRIO
Champion Author Miami

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Message Posted: Feb 24, 2013 10:08:27 PM

better mpg cars then old ones. big saving long term.
Blue_Cruzer
Champion Author Lexington

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Message Posted: Feb 24, 2013 10:08:07 PM

Surprising.
Glock26
Champion Author Dayton

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Message Posted: Feb 24, 2013 10:07:52 PM

Maybe people are buying new cars that don't use as much fuel because of the higher gas prices. (duh)
N5EXY
Champion Author Austin

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Message Posted: Feb 24, 2013 10:07:14 PM

YeahBut - - all new cars look the same.
PrinceLH
Champion Author Ontario

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Message Posted: Feb 24, 2013 10:05:57 PM

It's ridiculous, that we're drowning in crude and this is happening.
joel27nc
Champion Author Raleigh

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Message Posted: Feb 24, 2013 10:04:35 PM

See it drop after March 1st.
yyc2yow
Champion Author Ottawa

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Message Posted: Feb 24, 2013 10:03:08 PM

get smaller
JENNYHK
Champion Author Chicago

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Message Posted: Feb 24, 2013 10:03:02 PM

I have no cash for a car.
heydano67
Champion Author California

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Message Posted: Feb 24, 2013 10:01:11 PM

not looking at this time
SavALot
Champion Author Virginia Beach

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Message Posted: Feb 24, 2013 9:59:47 PM

always a magnet for businesses
cutter1330
Champion Author Oklahoma

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Message Posted: Feb 24, 2013 9:59:43 PM

At least it can set in drive way and look good.
NemoIL
Champion Author Illinois

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Message Posted: Feb 24, 2013 9:58:54 PM

And Obama wants to increase the federal gas tax. That is his idea of taxing the "rich."
SUSANCK
Champion Author Chicago

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Message Posted: Feb 24, 2013 9:58:44 PM

High MPG auto's.
gasmack
Champion Author Ventura

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Message Posted: Feb 24, 2013 9:55:30 PM

Good news. Hope it continues.
macike
Champion Author South Dakota

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Message Posted: Feb 24, 2013 9:54:58 PM

Ok
RAKARWOWSKI
Champion Author Chicago

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Message Posted: Feb 24, 2013 9:54:29 PM

Hope you like the change!
HA4CNN
Champion Author Toronto

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Message Posted: Feb 24, 2013 9:53:50 PM

Surprised.
Darwin00
Champion Author Mississippi

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Message Posted: Feb 24, 2013 9:52:31 PM

Interesting!
MRHONEST
Champion Author Illinois

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Message Posted: Feb 24, 2013 9:52:30 PM

4 REAL?
Kaiyne
Champion Author Chicago

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Message Posted: Feb 24, 2013 9:50:19 PM

Small cars.
Chris46
Champion Author Dayton

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Message Posted: Feb 24, 2013 9:47:16 PM

When reality sets in, how much it costs to drive them......
CCLighthouse
Champion Author Hartford

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Message Posted: Feb 24, 2013 9:46:57 PM

I think we're all at the point of needing new cars!
lippoe_sokan
Champion Author Provo

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Message Posted: Feb 24, 2013 9:46:07 PM

Higher gas prices are probably putting a damper on other purchases, however.
mia3bxs
All-Star Author Miami

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Message Posted: Feb 24, 2013 9:44:29 PM

It should put a damper. US consumers just don't get it.
DesertRat2011
Champion Author Riverside

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Message Posted: Feb 24, 2013 9:42:04 PM

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

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Message Posted: Feb 24, 2013 9:41:06 PM

Good for them
Tiernan
Champion Author Chicago

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Message Posted: Feb 24, 2013 9:36:56 PM

No direct connection between them. What a silly assertion.
sydb7
Champion Author Atlanta

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Message Posted: Feb 24, 2013 9:28:47 PM

who knows?
BREW9
Champion Author Tampa

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Message Posted: Feb 24, 2013 9:28:36 PM

no sale
cdanielwyke
Champion Author Greensboro

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Message Posted: Feb 24, 2013 9:26:41 PM

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

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Message Posted: Feb 24, 2013 9:24:47 PM

I didn't buy one..
wayoung56
Champion Author Alabama

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Joined:Oct 2006
Message Posted: Feb 24, 2013 9:24:14 PM

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:12,174
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Message Posted: Feb 24, 2013 9:21:49 PM

I can't afford a new car.
SparkieMi
Champion Author Kalamazoo

Posts:6,445
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Joined:Sep 2011
Message Posted: Feb 24, 2013 9:20:33 PM

Can not buy unless you can afford it!!!!
carloco75
Champion Author Richmond

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Message Posted: Feb 24, 2013 9:20:28 PM

What Recession..?
us4usa
Champion Author Missouri

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Joined:May 2008
Message Posted: Feb 24, 2013 9:20:17 PM

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

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Joined:Oct 2008
Message Posted: Feb 24, 2013 9:19:19 PM

ok
Brucevanf
Champion Author New Brunswick

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Message Posted: Feb 24, 2013 9:18:10 PM

Small fuel efficient cars that are selling.
Focus2
Champion Author Illinois

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Joined:Mar 2006
Message Posted: Feb 24, 2013 9:14:21 PM

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

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Message Posted: Feb 24, 2013 9:12:09 PM

Good.
mabrams184
Champion Author Lexington

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Joined:Aug 2011
Message Posted: Feb 24, 2013 9:04:43 PM

All sales will be down with the high spring and summer gas prices.
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