U.S. Auto Sales May Hit 28-Year Low as Discounts Flop

Total GM Autosales rise 10.5% over last year's numbers.

That's good news.

Not great, but good.

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NjQ2NDR8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1


Buick sales up 36.2%

Cadillac sales up 11.3%

Chevrolet sales up 18.5%

and GMC sales up 41.6%

HUMMER sales DOWN 67%.


Overall, a positive, considering there are NO cash incentives from the government this year, and considering prices are higher than last year. (fewer rebate, etc).

Good news for the economy.
 
Acura will rotate the tires automatically when serviced. I tell them the pressures I want and it never fails I always get 28 psig - then I have to blow them up myself. They do however wash the inside of the rims for me as added customer service. I also ask them not to spray the tires becasue they spray the rims in the process - makes it harder to clean the dirt off. The wife went twice to get the oil changed and the on board computer said it was not time - I think they are stretching toward 6,000 miles between oil changes.
 
Birchtree said:
My wife's Acura TL comes with tires that have a treadwear of 250 - many folks can't get 30,000 miles out of them. I keep the tires pumped to 37 psig in the front and 34 psig for the rear - so we just turned 42,000 with maybe 15,000 miles left. I'm having Acura research tires that provide at least a 400 treadwear rating. I have 400's on my 2001 Acura CL with over 74,000 miles and maybe another 15,000 miles on tread. The TL will be handed over to me - I always get the hand me downs. And I'll probably put on Pirelli 4 season plus with ratings of 500AA. I'll die before those tires wear out.
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I keep the tires pumped to 37 psig in the front and 34 psig for the rear

This is the essentials of maintaining what we have.

I'd imagine you have the tires 'rotated' on a regular basis

Nothing could more keep food on the table and the 'Savings' building than the lifestyle we have.
 
My wife's Acura TL comes with tires that have a treadwear of 250 - many folks can't get 30,000 miles out of them. I keep the tires pumped to 37 psig in the front and 34 psig for the rear - so we just turned 42,000 with maybe 15,000 miles left. I'm having Acura research tires that provide at least a 400 treadwear rating. I have 400's on my 2001 Acura CL with over 74,000 miles and maybe another 15,000 miles on tread. The TL will be handed over to me - I always get the hand me downs. And I'll probably put on Pirelli 4 season plus with ratings of 500AA. I'll die before those tires wear out.
 
Scout333 said:
We can thank "cash for clunkers" for that one.:(
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That, and the continued wearing out of existing cars. As long as we are selling fewer new cars than demand exists, the price of used cars will inch up. That, in turn, will spur new car sales as well.

I think six months from now we'll be seeing a real gang-buster sales numbers in new cars. Not record numbers, but much higher than we are now. We'll see.
 
CountryBoy said:
U.S. auto sales in August probably were the slowest for the month in 28 years as model-year closeout deals failed to entice consumers concerned the economy is worsening and they may lose their jobs.

Industrywide deliveries, to be released tomorrow, may have reached an annualized rate of 11.6 million vehicles this month, the average of eight analysts’ estimates compiled by Bloomberg.

“Home sales are way down, the stock market is way down, the unemployment report is very disappointing and consumer confidence is sputtering,” Jesse Toprak, vice president of industry trends at TrueCar.com, said in an interview. “People just don’t want to make big-ticket purchases because they’re uncertain about their jobs and the value of their homes.”

While automakers increased discounts by 1 percent from July to an average of $2,864 per vehicle, sales to individuals probably fell 7 percent from last month, according to Santa Monica, California-based TrueCar.

http://www.bloomberg.com/news/2010-...-28-years-in-august-as-buyers-shun-deals.html
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Thank you CB !! -- This was very informative

The Home sales being down -- I'm pretty sure the World News or Nightly Business Report said we've have to go all the way back to 1965 to find the last time it was that bad.

However all this happened it's a real shame. But I'd a thousand times rather know the truth and deal with it - then have everyone try to pretend everything's great - and have to deal with all that again.

Well good niight all -- and eventually all this will finally end and a NEW BULL will once again dominate all we know.

Just have to wait it out
 
http://www.fool.com/investing/general/2010/08/30/theres-no-deflation-in-this-market.aspx

It's a personal-finance axiom that buying nice used cars instead of new ones makes good financial sense. Historically, cars have depreciated most dramatically in their first few years of life. Many two- or three-year-old cars are nearly new mechanically, but they sell for thousands less than comparable new models. These vehicles have long represented the "sweet spot" of the auto market.

Unfortunately, that sweet spot has been turning sour. According to industry-watchers Edmunds.com, used car prices are way, way up. The average price of a three-year-old vehicle in July had risen a whopping 10.3% year over year.
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CountryBoy

CountryBoy

Well-known member
U.S. auto sales in August probably were the slowest for the month in 28 years as model-year closeout deals failed to entice consumers concerned the economy is worsening and they may lose their jobs.

Industrywide deliveries, to be released tomorrow, may have reached an annualized rate of 11.6 million vehicles this month, the average of eight analysts’ estimates compiled by Bloomberg.

“Home sales are way down, the stock market is way down, the unemployment report is very disappointing and consumer confidence is sputtering,” Jesse Toprak, vice president of industry trends at TrueCar.com, said in an interview. “People just don’t want to make big-ticket purchases because they’re uncertain about their jobs and the value of their homes.”

While automakers increased discounts by 1 percent from July to an average of $2,864 per vehicle, sales to individuals probably fell 7 percent from last month, according to Santa Monica, California-based TrueCar.

http://www.bloomberg.com/news/2010-...-28-years-in-august-as-buyers-shun-deals.html
 
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