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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:32,934 Points:2,342,585 Joined:Aug 2006	Message Posted: Mar 14, 2013 2:07:47 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:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Feb 28, 2013 12:14:58 AM 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:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Feb 27, 2013 5:54:15 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:5,508 Points:387,245 Joined:Jun 2009	Message Posted: Feb 25, 2013 6:54:21 AM Ignore gs7101 Report Abuse Perhaps, not now but it will!
JuicyQ69 All-Star Author San Bernardino Posts:639 Points:1,137,810 Joined:Apr 2009	Message Posted: Feb 25, 2013 1:53:57 AM Ignore JuicyQ69 Report Abuse Things ARE looking up.
must87searcher Champion Author Maryland Posts:8,966 Points:1,777,355 Joined:Apr 2008	Message Posted: Feb 25, 2013 1:25:44 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:1,618,095 Joined:Dec 2007	Message Posted: Feb 25, 2013 12:53:06 AM Ignore Amtrgas Report Abuse Looks like the Economy is getting better.
camel1 Champion Author Minnesota Posts:8,255 Points:2,263,590 Joined:Jul 2006	Message Posted: Feb 25, 2013 12:29:49 AM Ignore camel1 Report Abuse surprising
boatfloyd Champion Author Jacksonville Posts:1,703 Points:385,050 Joined:Mar 2012	Message Posted: Feb 25, 2013 12:16:31 AM Ignore boatfloyd Report Abuse Must be a Recovery Happening?
rahcat Champion Author Grand Rapids Posts:2,453 Points:660,025 Joined:Jan 2010	Message Posted: Feb 25, 2013 12:10:13 AM Ignore rahcat Report Abuse Most people can't afford a new car.
DJRIO Champion Author Miami Posts:8,030 Points:1,422,660 Joined:Jan 2008	Message Posted: Feb 25, 2013 12:08:27 AM Ignore DJRIO Report Abuse better mpg cars then old ones. big saving long term.
Blue_Cruzer Champion Author Lexington Posts:7,505 Points:1,666,660 Joined:Mar 2007	Message Posted: Feb 25, 2013 12:08:07 AM Ignore Blue_Cruzer Report Abuse Surprising.
Glock26 Champion Author Dayton Posts:1,514 Points:630,435 Joined:Mar 2011	Message Posted: Feb 25, 2013 12:07:52 AM 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:5,477 Points:1,507,455 Joined:Jul 2004	Message Posted: Feb 25, 2013 12:07:14 AM Ignore N5EXY Report Abuse YeahBut - - all new cars look the same.
PrinceLH Champion Author Ontario Posts:2,677 Points:535,120 Joined:Jun 2011	Message Posted: Feb 25, 2013 12:05:57 AM Ignore PrinceLH Report Abuse It's ridiculous, that we're drowning in crude and this is happening.
joel27nc Champion Author Raleigh Posts:10,522 Points:1,855,445 Joined:Mar 2008	Message Posted: Feb 25, 2013 12:04:35 AM Ignore joel27nc Report Abuse See it drop after March 1st.
yyc2yow All-Star Author Ottawa Posts:636 Points:567,310 Joined:Dec 2009	Message Posted: Feb 25, 2013 12:03:08 AM Ignore yyc2yow Report Abuse get smaller
JENNYHK Champion Author Chicago Posts:3,626 Points:710,620 Joined:Apr 2011	Message Posted: Feb 25, 2013 12:03:02 AM Ignore JENNYHK Report Abuse I have no cash for a car.
heydano67 Champion Author California Posts:1,651 Points:355,410 Joined:Feb 2012	Message Posted: Feb 25, 2013 12:01:11 AM Ignore heydano67 Report Abuse not looking at this time
SavALot Champion Author Virginia Beach Posts:8,459 Points:1,708,910 Joined:Apr 2005	Message Posted: Feb 24, 2013 11:59:47 PM Ignore SavALot Report Abuse always a magnet for businesses
cutter1330 Champion Author Oklahoma Posts:8,020 Points:1,691,190 Joined:Jul 2005	Message Posted: Feb 24, 2013 11:59:43 PM Ignore cutter1330 Report Abuse At least it can set in drive way and look good.
NemoIL Champion Author Illinois Posts:3,005 Points:1,309,220 Joined:Aug 2008	Message Posted: Feb 24, 2013 11:58:54 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:3,627 Points:706,280 Joined:Apr 2011	Message Posted: Feb 24, 2013 11:58:44 PM Ignore SUSANCK Report Abuse High MPG auto's.
gasmack Champion Author Ventura Posts:1,696 Points:664,620 Joined:Feb 2011	Message Posted: Feb 24, 2013 11:55:30 PM Ignore gasmack Report Abuse Good news. Hope it continues.
macike All-Star Author South Dakota Posts:673 Points:160,160 Joined:Feb 2012	Message Posted: Feb 24, 2013 11:54:58 PM Ignore macike Report Abuse Ok
RAKARWOWSKI Champion Author Chicago Posts:3,985 Points:817,350 Joined:Jan 2011	Message Posted: Feb 24, 2013 11:54:29 PM Ignore RAKARWOWSKI Report Abuse Hope you like the change!
HA4CNN Champion Author Toronto Posts:5,604 Points:1,539,490 Joined:Dec 2006	Message Posted: Feb 24, 2013 11:53:50 PM Ignore HA4CNN Report Abuse Surprised.
Darwin00 All-Star Author Mississippi Posts:827 Points:267,845 Joined:Dec 2010	Message Posted: Feb 24, 2013 11:52:31 PM Ignore Darwin00 Report Abuse Interesting!
MRHONEST Champion Author Illinois Posts:2,212 Points:1,674,080 Joined:May 2007	Message Posted: Feb 24, 2013 11:52:30 PM Ignore MRHONEST Report Abuse 4 REAL?
Kaiyne Champion Author Chicago Posts:2,324 Points:469,790 Joined:Feb 2011	Message Posted: Feb 24, 2013 11:50:19 PM Ignore Kaiyne Report Abuse Small cars.
Chris46 Champion Author Dayton Posts:23,635 Points:2,078,315 Joined:Sep 2005	Message Posted: Feb 24, 2013 11:47:16 PM Ignore Chris46 Report Abuse When reality sets in, how much it costs to drive them......
CCLighthouse All-Star Author Hartford Posts:988 Points:210,005 Joined:Aug 2012	Message Posted: Feb 24, 2013 11:46:57 PM Ignore CCLighthouse Report Abuse I think we're all at the point of needing new cars!
lippoe_sokan All-Star Author Provo Posts:602 Points:179,150 Joined:Nov 2012	Message Posted: Feb 24, 2013 11:46:07 PM Ignore lippoe_sokan Report Abuse Higher gas prices are probably putting a damper on other purchases, however.
mia3bxs Veteran Author Miami Posts:447 Points:308,715 Joined:Jul 2011	Message Posted: Feb 24, 2013 11:44:29 PM Ignore mia3bxs Report Abuse It should put a damper. US consumers just don't get it.
DesertRat2011 Champion Author Riverside Posts:3,602 Points:482,880 Joined:Jun 2011	Message Posted: Feb 24, 2013 11:42:04 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:844 Points:333,755 Joined:Apr 2011	Message Posted: Feb 24, 2013 11:41:06 PM Ignore Doomsday64 Report Abuse Good for them
Tiernan Champion Author Chicago Posts:3,465 Points:816,800 Joined:Sep 2005	Message Posted: Feb 24, 2013 11:36:56 PM Ignore Tiernan Report Abuse No direct connection between them. What a silly assertion.
sydb7 Champion Author Atlanta Posts:3,542 Points:1,916,730 Joined:Mar 2003	Message Posted: Feb 24, 2013 11:28:47 PM Ignore sydb7 Report Abuse who knows?
BREW9 All-Star Author Tampa Posts:866 Points:2,908,955 Joined:Jun 2004	Message Posted: Feb 24, 2013 11:28:36 PM Ignore BREW9 Report Abuse no sale
cdanielwyke Champion Author Greensboro Posts:2,480 Points:594,905 Joined:Sep 2008	Message Posted: Feb 24, 2013 11:26:41 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:2,990 Points:658,940 Joined:Jul 2011	Message Posted: Feb 24, 2013 11:24:47 PM Ignore Harry813 Report Abuse I didn't buy one..
wayoung56 Champion Author Alabama Posts:2,785 Points:815,310 Joined:Oct 2006	Message Posted: Feb 24, 2013 11:24:14 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:8,789 Points:1,840,525 Joined:Aug 2005	Message Posted: Feb 24, 2013 11:21:49 PM Ignore WIPACKERFAN Report Abuse I can't afford a new car.
SparkieMi Champion Author Kalamazoo Posts:3,244 Points:584,445 Joined:Sep 2011	Message Posted: Feb 24, 2013 11:20:33 PM Ignore SparkieMi Report Abuse Can not buy unless you can afford it!!!!
carloco75 Champion Author Richmond Posts:3,706 Points:597,540 Joined:Oct 2010	Message Posted: Feb 24, 2013 11:20:28 PM Ignore carloco75 Report Abuse What Recession..?
us4usa Champion Author Missouri Posts:5,976 Points:1,109,385 Joined:May 2008	Message Posted: Feb 24, 2013 11:20:17 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:5,549 Points:1,509,205 Joined:Oct 2008	Message Posted: Feb 24, 2013 11:19:19 PM Ignore serrog Report Abuse ok
Brucevanf Champion Author New Brunswick Posts:1,341 Points:241,360 Joined:Aug 2012	Message Posted: Feb 24, 2013 11:18:10 PM Ignore Brucevanf Report Abuse Small fuel efficient cars that are selling.
Focus2 Champion Author Illinois Posts:7,889 Points:1,918,255 Joined:Mar 2006	Message Posted: Feb 24, 2013 11:14:21 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:1,305 Points:213,635 Joined:Aug 2012	Message Posted: Feb 24, 2013 11:12:09 PM Ignore wshokie12 Report Abuse Good.