GasBuddy News Article

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Auto sales show industry beginning to stabilize

San Francisco Chronicle -- After months of roller-coaster results, the U.S. auto industry showed signs of stability in October.

Total sales of cars and light trucks were unchanged at just over 838,000 compared with October of last year, but rose 12 percent from a dismal September 2009, Autodata Corp. reported Tuesday. The results signaled that some consumers are starting to spend again and the sputtering economy is beginning to pull out of trouble.

"It's ... a fairly stable kind of footing that the industry is getting under it," said Gary Dilts, a former Chrysler sales executive who is now senior vice president of global automotive operations for J.D. Power and Associates.

Last month's sales, if projected for an entire year, rose to 10.5 million after slumping to 9.2 million in September,

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Submitted Nov 04, 2009 By: LetemEatCake

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pigmanTX Champion Author Houston Posts:1,281 Points:369,735 Joined:Nov 2008	Message Posted: Nov 5, 2009 11:43:01 AM Ignore pigmanTX Report Abuse Stabilization in the market is a good thing.
LetemEatCake Champion Author Oklahoma City Posts:2,675 Points:362,340 Joined:Mar 2008	Message Posted: Nov 5, 2009 9:47:35 AM Ignore LetemEatCake Report Abuse skippypafrom Hawaii..... No Dude thankfully it doesn't! Have you ever read the GB Guidelines? If not, I would strongly suggest you do so that you will have something of substance to complain about in the future. Otherwise, if you feel so strongly about this article on automobiles, turn it in as Not Newsworthy!
Terrapinone Champion Author Baltimore Posts:2,580 Points:988,900 Joined:May 2004	Message Posted: Nov 5, 2009 8:20:09 AM Ignore Terrapinone Report Abuse This is some good news for a change.
TomT2Lee Champion Author Cincinnati Posts:3,146 Points:1,021,010 Joined:Sep 2005	Message Posted: Nov 5, 2009 7:38:20 AM Ignore TomT2Lee Report Abuse So they have been hearing the lie so often they now believe it. You can put all the lipstick you want to on a pig, but it is still a pig. The auto industry in the US is in for a long time of collapse.
Bonanza Champion Author Boston Posts:5,173 Points:1,400,490 Joined:Jun 2004	Message Posted: Nov 5, 2009 5:56:15 AM Ignore Bonanza Report Abuse Let's hope the US auto industry can survive.
DrivingFool2 Champion Author Wisconsin Posts:2,560 Points:470,460 Joined:Apr 2005	Message Posted: Nov 5, 2009 5:52:44 AM Ignore DrivingFool2 Report Abuse There's a new sheriff in town.
RocketGeek Champion Author Grand Rapids Posts:4,700 Points:958,970 Joined:May 2005	Message Posted: Nov 5, 2009 5:52:32 AM Ignore RocketGeek Report Abuse I hope to drive whaqt I have for years to come. Maybe by then our daily transporation will be like what George Jetson drives.
Petrock Champion Author Lexington Posts:3,606 Points:1,440,310 Joined:Apr 2005	Message Posted: Nov 5, 2009 5:50:31 AM Ignore Petrock Report Abuse Eventually, people have to buy new vehicles - or start walking. Old cars eventually do wear out. I'm not sure matching last falls dismal sales figures is really much of an accomplishment.
PADI All-Star Author Ontario Posts:593 Points:352,290 Joined:Nov 2008	Message Posted: Nov 5, 2009 5:47:15 AM Ignore PADI Report Abuse Car sales have risen after the Cash for Clunkers program ended. This is great news. I know we aren't seeing any great strides in the improvement of the economy, but we are seeing an improvement. Give it time people.
tc316 Champion Author Twin Cities Posts:3,110 Points:616,305 Joined:Apr 2007	Message Posted: Nov 5, 2009 5:45:20 AM Ignore tc316 Report Abuse Hard to believe
harleydoctor Champion Author Kansas Posts:1,580 Points:788,150 Joined:Sep 2005	Message Posted: Nov 5, 2009 5:37:33 AM Ignore harleydoctor Report Abuse Who wants a car payment when there "ol clunker" is doing just fine?????
RLH68 Champion Author Orlando Posts:3,961 Points:732,000 Joined:Jun 2007	Message Posted: Nov 5, 2009 5:33:40 AM Ignore RLH68 Report Abuse New car? Who can afford one?
vamike Champion Author Virginia Posts:1,256 Points:314,820 Joined:Dec 2008	Message Posted: Nov 5, 2009 5:32:29 AM Ignore vamike Report Abuse Most people still can't afford a car.
skippypa Champion Author Hawaii Posts:2,623 Points:587,015 Joined:Jun 2008	Message Posted: Nov 5, 2009 5:28:33 AM Ignore skippypa Report Abuse This article has nothing to do with the price of oil or gas.
stpetebp Champion Author Tampa Posts:2,051 Points:668,445 Joined:Nov 2007	Message Posted: Nov 5, 2009 5:21:40 AM Ignore stpetebp Report Abuse This won't last.
Bleeder Champion Author Virginia Posts:3,080 Points:649,605 Joined:Jan 2008	Message Posted: Nov 5, 2009 5:21:38 AM Ignore Bleeder Report Abuse Stabilizing but at a much more smaller scale. Probably a more realistic scale.
Grismer Champion Author Kitchener-Waterloo Posts:2,909 Points:609,205 Joined:Apr 2008	Message Posted: Nov 5, 2009 5:15:41 AM Ignore Grismer Report Abuse When new jobs with reasonable wages are created such that people can afford to buy affordable and reliable vehicles, then I will believe that some stability has been restored. Otherwise.....
FASTR1 Champion Author Michigan Posts:4,326 Points:661,570 Joined:May 2007	Message Posted: Nov 5, 2009 5:13:39 AM Ignore FASTR1 Report Abuse Wish I had money to even think about spending, but alas my bank account is bare.
hybridaholic Champion Author Wisconsin Posts:2,434 Points:417,485 Joined:Dec 2008	Message Posted: Nov 5, 2009 4:56:35 AM Ignore hybridaholic Report Abuse It has a long way to go
wegman Champion Author Twin Cities Posts:2,059 Points:955,860 Joined:Jun 2001	Message Posted: Nov 5, 2009 4:47:59 AM Ignore wegman Report Abuse Obamanomics, with its high unemployment due to a weak economy and its disincentives to hire, is playing its role. It might be a bit early for the Cash for Clunkers roller coaster to be over as well. Hopefully Tuesday might cause the unholy Triumvirate of Obama, Pelosi and Reid to rethink their radical, economy destroying, agenda. But I doubt it. With any luck their proposals will continue to get mired down and remain unpassed and next year, a couple of days after the election Reid will be planning life after the Senate, the speculation on who the Speaker will be come January and Obama will be on his way to lame duck status. Americans are beginning to figure out that last election day was the Great Mistake of 2008. And in America, we can fix mistakes like that.
hooky Champion Author Michigan Posts:13,054 Points:1,282,145 Joined:Sep 2005	Message Posted: Nov 5, 2009 4:41:48 AM Ignore hooky Report Abuse Except for Crysler!
outlaw329 Champion Author Austin Posts:1,943 Points:295,680 Joined:Aug 2008	Message Posted: Nov 5, 2009 4:41:00 AM Ignore outlaw329 Report Abuse Thanks high unemployment rates it is hard to buy without the funding!
HawaiianGuy Champion Author Idaho Posts:3,718 Points:1,939,075 Joined:May 2003	Message Posted: Nov 5, 2009 4:32:17 AM Ignore HawaiianGuy Report Abuse Gee, Cash-for-Clunkers didn't happen to have anything to do with that, did it? You guys are starting to sound like ole "Plagiarizing Joe".
rowing All-Star Author Macon Posts:732 Points:146,800 Joined:Sep 2009	Message Posted: Nov 5, 2009 4:27:32 AM Ignore rowing Report Abuse It is hard to afford to buy with the economy like it is
granitestater Champion Author New Hampshire Posts:3,069 Points:462,375 Joined:Oct 2008	Message Posted: Nov 5, 2009 4:23:53 AM Ignore granitestater Report Abuse Cars still wear out. And the new-fangled high-tech meanie-greenie cars will probably wear out sooner. And cost more to fix or replace.
BigDogOH Champion Author Cincinnati Posts:2,735 Points:670,945 Joined:Mar 2008	Message Posted: Nov 5, 2009 4:23:45 AM Ignore BigDogOH Report Abuse American car industry is dyeing
jmg144 Champion Author Maryland Posts:6,681 Points:1,855,495 Joined:Jul 2004	Message Posted: Nov 5, 2009 4:21:53 AM Ignore jmg144 Report Abuse Cautious optimism - their very concerned in Detroit
fratt Champion Author Grand Rapids Posts:4,051 Points:1,494,830 Joined:Jul 2005	Message Posted: Nov 5, 2009 4:11:18 AM Ignore fratt Report Abuse Government Motors will have a hard time making it.
NotTom Champion Author New Hampshire Posts:1,732 Points:605,675 Joined:Aug 2005	Message Posted: Nov 5, 2009 4:05:38 AM Ignore NotTom Report Abuse Let's hope the US auto industry can survive.
camel1 Champion Author Minnesota Posts:3,070 Points:1,169,295 Joined:Jul 2006	Message Posted: Nov 5, 2009 4:02:01 AM Ignore camel1 Report Abuse Hopefully American automakers can capitalize on this trend
BM4225 Champion Author Atlanta Posts:4,571 Points:1,001,545 Joined:Aug 2006	Message Posted: Nov 5, 2009 3:58:28 AM Ignore BM4225 Report Abuse Only a 40% cut in sales, well I hope the only remaining American company can survive.
lpj Champion Author Macon Posts:6,383 Points:1,349,035 Joined:Apr 2006	Message Posted: Nov 5, 2009 3:56:41 AM Ignore lpj Report Abuse people got to have jobs to buy things like cars the administration do not get it help small business get people to work !!
twobroke61 Champion Author Michigan Posts:2,549 Points:446,760 Joined:Sep 2008	Message Posted: Nov 5, 2009 3:45:55 AM Ignore twobroke61 Report Abuse i think that gm and ford will make it but chrysler will be the one that is iffy right now they lost 30 percent last month does not look good
LexusLS400 Champion Author Orange County Posts:2,637 Points:529,935 Joined:Aug 2008	Message Posted: Nov 5, 2009 3:42:51 AM Ignore LexusLS400 Report Abuse "followed by GM at 4.7 percent, aided by strong pickup truck sales, the performance of new models and the highest incentives in the industry. It was GM's first year-over-year monthly sales increase in 21 months." There, you GM naysayers. I think reports of GM's death is premature. They have some good products.
ED6 Champion Author Riverside Posts:4,270 Points:832,090 Joined:Jul 2007	Message Posted: Nov 5, 2009 3:36:23 AM Ignore ED6 Report Abuse You have to have a job to buy a car.
Tundralimited2009 Champion Author Dallas Posts:1,414 Points:341,375 Joined:Feb 2009	Message Posted: Nov 5, 2009 3:35:16 AM Ignore Tundralimited2009 Report Abuse Projections are a funny animal......
jedizman Rookie Author New Jersey Posts:57 Points:67,435 Joined:May 2007	Message Posted: Nov 5, 2009 3:28:26 AM Ignore jedizman Report Abuse You have to make money to spend it. duh
findcheap Champion Author Los Angeles Posts:3,785 Points:859,550 Joined:Apr 2007	Message Posted: Nov 5, 2009 3:25:10 AM Ignore findcheap Report Abuse maybe
Edtx2009 All-Star Author Houston Posts:956 Points:206,350 Joined:Jun 2009	Message Posted: Nov 5, 2009 3:06:36 AM Ignore Edtx2009 Report Abuse I think some of these Auto manufacturers are seeing pie in the sky where it does not exist.
AuburnTim Champion Author Indiana Posts:2,744 Points:664,925 Joined:May 2005	Message Posted: Nov 5, 2009 2:56:31 AM Ignore AuburnTim Report Abuse High price new cars and rising gas prices and no sign of recession recovery for main street will crush this speculation quickly.
carlsonguitars Champion Author Portland Posts:3,483 Points:559,915 Joined:Jan 2008	Message Posted: Nov 5, 2009 2:47:26 AM Ignore carlsonguitars Report Abuse I am waiting to buy an ELECTRIC CAR or PLUG IN HYBRID as soon as they come out, it will be FANTASTIC to be able to run off of my solar system - clean, cheap, healthy and DOMESTIC!!!!! I am tired of mafioso OPEC nations dictating HOW much we will be RIPPED OFF each month.... I would rather keep my $$$ local and support my local economy instead of sending it overseas!!!!
GMVAN All-Star Author Calgary Posts:940 Points:252,980 Joined:Apr 2009	Message Posted: Nov 5, 2009 2:45:22 AM Ignore GMVAN Report Abuse Thats good,they won`t be asking for more money.
comprof All-Star Author Houston Posts:875 Points:213,200 Joined:Jul 2009	Message Posted: Nov 5, 2009 2:41:37 AM Ignore comprof Report Abuse Paying $24,000 of taxpayers money for junk cars is not good in any way. The long term effect of the indebtedness will far out way any short term good (if any) that may have resulted. They could have given $24,000 to each of the burers and required them to buy $24,000 of any merchandise and could have stimulated a tremendous number of jobs.
kyrunner Champion Author Lexington Posts:2,997 Points:547,855 Joined:Aug 2008	Message Posted: Nov 5, 2009 2:41:18 AM Ignore kyrunner Report Abuse This won't last.
LoneGuy Champion Author Lansing Posts:2,776 Points:1,189,910 Joined:Aug 2005	Message Posted: Nov 5, 2009 2:33:56 AM Ignore LoneGuy Report Abuse I heard that the a cash for clunkers program ended up costing the US taxpayer $24,000 per car when you figure the average number of cars sold anyway and the displacement caused by the cash for clunkers bonus. How much of this help can we afford?
sosgas All-Star Author Portland Posts:505 Points:218,015 Joined:Feb 2009	Message Posted: Nov 5, 2009 2:28:07 AM Ignore sosgas Report Abuse Hard to believe .
speedys Champion Author Utah Posts:1,208 Points:1,407,030 Joined:Nov 2005	Message Posted: Nov 5, 2009 2:21:53 AM Ignore speedys Report Abuse I don't believe it.
defcon7 Veteran Author St. Louis Posts:274 Points:41,905 Joined:May 2009	Message Posted: Nov 5, 2009 2:19:09 AM Ignore defcon7 Report Abuse What a crock! Look around with your own eyes, and tell me this story has merit! defcon7
dwgt.net Champion Author Nevada Posts:10,768 Points:1,884,185 Joined:Sep 2004	Message Posted: Nov 5, 2009 2:17:58 AM Ignore dwgt.net Report Abuse And those cars got what kind of mileage? They are not doing us a service, look at the crowded highways.
PetroScopper Champion Author Houston Posts:1,636 Points:448,615 Joined:Aug 2008	Message Posted: Nov 5, 2009 2:12:24 AM Ignore PetroScopper Report Abuse Good news for the economy and for the automakers.