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March auto sales up; highest rate since cash-for-clunkers ci

Detroit Free Press -- The return of warmer weather and big incentives were luring car buyers back into auto dealerships during the first half of March and has put the automotive industry’s recovery back on track, according to two automotive forecasting firms.

For the first half of March, the seasonally adjusted annual sales rate, or SAAR, reached 12.1 million in the U.S., according to J.D. Power and Associates.

In fact, the last time the industry’s annual sales rate topped 12 million without a federal incentive program was in September 2008

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Submitted Mar 19, 2010 By: fordmexico

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cpl11787 All-Star Author Minnesota Posts:630 Points:123,275 Joined:Jan 2010	Message Posted: Mar 21, 2010 8:46:20 PM Ignore cpl11787 Report Abuse good thing.
Martinman Champion Author Mississippi Posts:11,760 Points:1,659,270 Joined:Sep 2005	Message Posted: Mar 21, 2010 7:36:14 PM Ignore Martinman Report Abuse ... and once again, the ranting-right, with their claims of "socialism" and that government can't do anything right... ... was proven wrong yet again... It worked. It accomplished what it was designed to accomplish. It greatly reduced the cost to the American taxpayer that would have occurred, had we simply allowed "them to fail", adding another 2.9 million Americans to the ranks of the unemployed. [Edited by: Martinman at 3/21/2010 8:39:38 PM EST]
LetemEatCake Champion Author Oklahoma City Posts:2,988 Points:767,005 Joined:Mar 2008	Message Posted: Mar 20, 2010 10:42:43 PM Ignore LetemEatCake Report Abuse OMG! So C4C didn't end life on earth as we know it? Millions of cars weren't repossessed because the buyers were stupid? So the Dow, S&P index, NASDAQ aren't all up (when was the last time Dow was over 10,700?) since C4C was instituted? All Auto mechanics are all out of work with no clunkers left to fix? Salvage yards have all gone broke? Millions of more fuel efficient cars hit the roads, so the demand for gas is rising? The auto industry, in many States, isn't going to build more cars after those record sales? Manufacturers haven't added overtime and aren't calling back employees? “The program was a dismal failure,” “The program was a dismal failure,” “The program was a dismal failure,”….. when I said that often enough, I startrd to believe it regardless of the facts! Empirical evidence be darned! All the news is slanted. I wanted to be able to sit back and say, “I told you so,” Only Now I can't! Hmmmmm!
zakarpattya Sophomore Author Kansas City Posts:210 Points:291,415 Joined:Nov 2009	Message Posted: Mar 20, 2010 2:52:07 PM Ignore zakarpattya Report Abuse WCCurtis wrote: "But are the Auto Companies making a profit? It would be terrible if GM and Chrysler ending up never making a profit like the Post Office and Amtrak which only survive with the Government/Taxpayer backing them. If these Companies can not make it on their own let them die since not to far in the distance the Taxpayer will be tapped out. China and Japan will not always be there to loan us money if they fall on hard times." I disagree. All very large countries should have at least one domestic automaker, with two or three being better for competition. I consider heavy manufacturing an important part of infrastructure. I believe they also can be used for military manufacturing during war.
Pete12 Champion Author Albany Posts:3,602 Points:1,245,480 Joined:Nov 2005	Message Posted: Mar 19, 2010 7:14:00 PM Ignore Pete12 Report Abuse This is good news. I hope it continues.
ops3 Champion Author Cincinnati Posts:1,229 Points:737,025 Joined:Dec 2007	Message Posted: Mar 19, 2010 7:13:46 PM Ignore ops3 Report Abuse Sure, cars wear out eventually!
CiVX Champion Author Oakland Posts:5,713 Points:1,013,800 Joined:Feb 2009	Message Posted: Mar 19, 2010 6:54:03 PM Ignore CiVX Report Abuse WHY!
pgerassi Champion Author Milwaukee Posts:8,516 Points:1,665,900 Joined:Apr 2007	Message Posted: Mar 19, 2010 4:31:34 PM Ignore pgerassi Report Abuse Around here sales have been quite low.
WCCurtis Champion Author San Bernardino Posts:3,304 Points:1,361,795 Joined:Oct 2005	Message Posted: Mar 19, 2010 4:18:18 PM Ignore WCCurtis Report Abuse But are the Auto Companies making a profit? It would be terrible if GM and Chrysler ending up never making a profit like the Post Office and Amtrak which only survive with the Government/Taxpayer backing them. If these Companies can not make it on their own let them die since not to far in the distance the Taxpayer will be tapped out. China and Japan will not always be there to loan us money if they fall on hard times.
caddilac Champion Author Ontario Posts:13,786 Points:1,672,805 Joined:Apr 2007	Message Posted: Mar 19, 2010 4:17:56 PM Ignore caddilac Report Abuse And this has what to do with gas prices?
ILVET Champion Author Illinois Posts:12,494 Points:2,473,170 Joined:Jan 2005	Message Posted: Mar 19, 2010 4:07:02 PM Ignore ILVET Report Abuse And their buying gas guzzling suv's
ChuckGVT Champion Author Vermont Posts:4,369 Points:1,227,865 Joined:Apr 2008	Message Posted: Mar 19, 2010 4:02:11 PM Ignore ChuckGVT Report Abuse Who says the economy is improving?
brus282 Champion Author North Carolina Posts:4,659 Points:953,210 Joined:Aug 2007	Message Posted: Mar 19, 2010 4:02:01 PM Ignore brus282 Report Abuse would like to buy, but no money equal no buying
Eichhornchen Champion Author Detroit Posts:3,772 Points:747,390 Joined:Feb 2009	Message Posted: Mar 19, 2010 3:56:18 PM Ignore Eichhornchen Report Abuse Better buy while you still have some money.
camel1 Champion Author Minnesota Posts:6,050 Points:1,816,515 Joined:Jul 2006	Message Posted: Mar 19, 2010 3:55:34 PM Ignore camel1 Report Abuse Those who can afford new cars are buying, the rest of us get by with what we have
goldilox88 Champion Author Montreal Posts:4,059 Points:1,000,000 Joined:Jun 2008	Message Posted: Mar 19, 2010 3:53:53 PM Ignore goldilox88 Report Abuse Economy is improving.
bbreff Champion Author Atlanta Posts:7,647 Points:2,129,065 Joined:Jun 2005	Message Posted: Mar 19, 2010 3:48:15 PM Ignore bbreff Report Abuse I would like a new vehicle, but without a job in a few months, no chance.
olcowboy14 Champion Author Spokane Posts:7,180 Points:1,029,070 Joined:Jul 2007	Message Posted: Mar 19, 2010 3:45:49 PM Ignore olcowboy14 Report Abuse Makes me wonder who is buying them? Is there a finance bail out going on that I don't know about?
Sneakers55 Champion Author Houston Posts:43,346 Points:1,712,105 Joined:Nov 2005	Message Posted: Mar 19, 2010 3:44:47 PM Ignore Sneakers55 Report Abuse RovingOkie67 wrote: >President Obama should stop shoving health care >and socialism down our throats. President Obama is no Socialist. Brian Moore is a Socialist. In fact, he was the Socialist candidate for President in 2008. The difference will be obvious after reading the Brian Moore site for about five minutes.
dollarwatcher Champion Author Wisconsin Posts:5,560 Points:1,068,420 Joined:Mar 2007	Message Posted: Mar 19, 2010 3:44:08 PM Ignore dollarwatcher Report Abuse Who can afford to buy new anymore?
virginia52 Champion Author Alaska Posts:5,737 Points:1,129,665 Joined:May 2007	Message Posted: Mar 19, 2010 3:43:46 PM Ignore virginia52 Report Abuse I wish I could afford a new car now as I've seen some really sweet deals but alas I don't have the money for a new car now. I'm glad to see sales are improving.
DellDude2 Champion Author Nashville Posts:6,778 Points:1,655,860 Joined:Aug 2005	Message Posted: Mar 19, 2010 3:43:37 PM Ignore DellDude2 Report Abuse If sales go really well (not likely), they could call it "March Madness", since who has money to burn right now.
Sneakers55 Champion Author Houston Posts:43,346 Points:1,712,105 Joined:Nov 2005	Message Posted: Mar 19, 2010 3:40:50 PM Ignore Sneakers55 Report Abuse joel27nc wrote: >This is nice to hear. BUY AMERICAN!!! Define "Buy American." Hint: It's not having the world headquarters in Wayne County, Michigan.
badbonita Champion Author Syracuse Posts:3,836 Points:885,855 Joined:Jul 2008	Message Posted: Mar 19, 2010 3:37:31 PM Ignore badbonita Report Abuse It's good that auto sales are improving. Now if the unemployment numbers would only go down because people are getting jobs.
TAT36 Champion Author Florida Posts:4,433 Points:845,495 Joined:Sep 2009	Message Posted: Mar 19, 2010 3:32:28 PM Ignore TAT36 Report Abuse Still about 25% off from the high number of 16 million.
joel27nc Champion Author Raleigh Posts:8,157 Points:1,392,445 Joined:Mar 2008	Message Posted: Mar 19, 2010 3:30:53 PM Ignore joel27nc Report Abuse This is nice to hear. BUY AMERICAN!!!
nigelb Champion Author Virginia Posts:6,289 Points:959,570 Joined:Feb 2008	Message Posted: Mar 19, 2010 3:29:21 PM Ignore nigelb Report Abuse I'll keep my '97 Honda - the new ones are too expensive.
oldiesman Champion Author New York Posts:4,216 Points:1,763,875 Joined:May 2006	Message Posted: Mar 19, 2010 3:26:58 PM Ignore oldiesman Report Abuse something looking up for a change.
TRAIN RIDER Champion Author San Bernardino Posts:6,768 Points:2,298,985 Joined:Oct 2004	Message Posted: Mar 19, 2010 3:25:27 PM Ignore TRAIN RIDER Report Abuse I AM GLAD TO SEE SOMETHING GOING UP. THAT IS A GOOD SIGN.
TFowler513 Champion Author Memphis Posts:2,582 Points:978,110 Joined:Mar 2008	Message Posted: Mar 19, 2010 3:10:26 PM Ignore TFowler513 Report Abuse It's not going to last. Just a blimp on the radar. The economy has to improve first and the only way that is going to happen is with the return of jobs!!!
njerald Champion Author Seattle Posts:5,483 Points:1,167,450 Joined:Oct 2007	Message Posted: Mar 19, 2010 3:05:27 PM Ignore njerald Report Abuse Yawn....
georgeo Champion Author California Posts:4,172 Points:178,915 Joined:May 2009	Message Posted: Mar 19, 2010 2:57:42 PM Ignore georgeo Report Abuse Get those autos before they run out.
eddmac Champion Author Washington Posts:5,526 Points:1,234,975 Joined:May 2006	Message Posted: Mar 19, 2010 2:43:00 PM Ignore eddmac Report Abuse My 96 is showing some aging. So for fun I went down to look at some replacements USED. Three years old. Prices were nuts, you could buy some new one for less. Of course it what I want. After consideration the need side won out over want. I am not going to buy any.
murphy50 Champion Author Colorado Posts:5,145 Points:2,105,195 Joined:May 2004	Message Posted: Mar 19, 2010 2:42:16 PM Ignore murphy50 Report Abuse This is a good sign.
threewheeler Champion Author Seattle Posts:2,377 Points:318,330 Joined:Jun 2008	Message Posted: Mar 19, 2010 2:38:42 PM Ignore threewheeler Report Abuse This is nice to hear. BUY AMERICAN!!!
neemund Champion Author Seattle Posts:4,152 Points:1,083,845 Joined:Jan 2007	Message Posted: Mar 19, 2010 2:36:00 PM Ignore neemund Report Abuse I have neither a regular job, nor the money to replace my 1994 S-10. I'm not going to borrow money just so I can get a vehicle that go 10 miles farther per gallon of gas. And the increased insurance premiums alone would more than offset any potential savings at the pump.
POLELANE Champion Author Ohio Posts:7,148 Points:828,370 Joined:Mar 2008	Message Posted: Mar 19, 2010 2:35:44 PM Ignore POLELANE Report Abuse Toyota undoubtedly has problems; exacerbated by not fessing up right away. I could believe that USA automakers and thier lobbyists in DC are fueling the fire to improve their personal sad agenda
Dennisjk Champion Author Detroit Posts:4,572 Points:1,494,145 Joined:Apr 2006	Message Posted: Mar 19, 2010 2:33:51 PM Ignore Dennisjk Report Abuse They need a steady flow of increased sales before anyone can signal the fat lady to sing.
byoftDad Champion Author Columbus Posts:3,934 Points:1,132,700 Joined:Apr 2005	Message Posted: Mar 19, 2010 2:33:33 PM Ignore byoftDad Report Abuse There are many Toyota ads on local TV stations in Columbus. It seems that suddenly Toyota has found many people that will swear by their Toyota. I think that Toyota and the government are in bed together and the claims of run away Toyotas are being covered up by the company and the Federal Government. It wouldn’t be the first time our government hid things from the public.
suzyq2007 Champion Author Dallas Posts:5,025 Points:1,221,050 Joined:Oct 2007	Message Posted: Mar 19, 2010 2:30:39 PM Ignore suzyq2007 Report Abuse that is good news for the car companies, but I doubt if this means a lot
jeromehasbargen Champion Author Minnesota Posts:3,198 Points:626,670 Joined:Jan 2009	Message Posted: Mar 19, 2010 2:29:08 PM Ignore jeromehasbargen Report Abuse Sales and people getting their tax refunds probably have a lot to do with it. [Edited by: jeromehasbargen at 3/19/2010 3:29:30 PM EST]
Valricoslash Champion Author Tampa Posts:4,290 Points:886,470 Joined:Nov 2008	Message Posted: Mar 19, 2010 2:28:38 PM Ignore Valricoslash Report Abuse All based on big incentives because sales have been down for so long they will do anything to get their sales up.
Laszlo01 Champion Author Georgia Posts:1,602 Points:366,730 Joined:Sep 2008	Message Posted: Mar 19, 2010 2:22:21 PM Ignore Laszlo01 Report Abuse so what?
copperhead8 Champion Author Boston Posts:14,847 Points:2,356,280 Joined:Dec 2004	Message Posted: Mar 19, 2010 2:16:34 PM Ignore copperhead8 Report Abuse No matter how many incentives Toyota is giving, you couldn't get me to buy one.
FastAndy Champion Author Indianapolis Posts:4,406 Points:1,576,700 Joined:Jun 2007	Message Posted: Mar 19, 2010 2:13:45 PM Ignore FastAndy Report Abuse Good sign for the economy, until Congress and Obama screw it up.
DEG Champion Author Las Vegas Posts:15,397 Points:3,054,380 Joined:Jul 2003	Message Posted: Mar 19, 2010 2:13:27 PM Ignore DEG Report Abuse More people getting into useless debt.
wardancerr Veteran Author Tucson Posts:311 Points:98,095 Joined:Feb 2010	Message Posted: Mar 19, 2010 2:08:23 PM Ignore wardancerr Report Abuse Great deals?...or your life?
Savingqueen Rookie Author Vancouver Posts:10 Points:3,915 Joined:Mar 2010	Message Posted: Mar 19, 2010 2:06:34 PM Ignore Savingqueen Report Abuse Really, are people buying Toyota?
lgwhitlock Champion Author Chico Posts:5,130 Points:1,223,470 Joined:Jun 2008	Message Posted: Mar 19, 2010 2:04:17 PM Ignore lgwhitlock Report Abuse It's probably the big incentives Toyota is offering combined with tax returns...
gasforus Champion Author Michigan Posts:6,779 Points:1,727,615 Joined:Dec 2005	Message Posted: Mar 19, 2010 2:01:35 PM Ignore gasforus Report Abuse ok