Maryland Classifieds

GasBuddy News Article

votes

August 2010: a real clunker on the new-car sales front

Automotive News -- Any way you look at it, August U.S. auto sales disappointed. Compared with “clunker August” a year ago, sales fell 21 percent. Compared with the month before, volume dropped 5 percent. Even seasonally-adjusted, it was the worst month since February.

U.S. sales totaled 997,574 sales in August, down from 1,050,110 in July. A year ago, driven by federal cash incentives of $3,500 to $4,500, August sales hit 1.26 million.

The seasonally adjusted annual selling rate calculated by the Automotive News Data Center was 10.8 million, the first month since January and February to fall below 11.1 million.

Read the Full Article

Submitted Sep 02, 2010 By: gabckmyr

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: August 2010: a real clunker on the new-car sales front	Post a Reply Back to Topics

REPLIES (newest first)

First

Next Last

DrCashFlow Champion Author Massachusetts Posts:4,790 Points:1,172,455 Joined:Jun 2008	Message Posted: Sep 4, 2010 12:10:10 AM Ignore DrCashFlow Report Abuse absolutely no surprise. these days ... no incentives, no sales.
Martinman Champion Author Mississippi Posts:11,841 Points:1,662,270 Joined:Sep 2005	Message Posted: Sep 2, 2010 9:10:52 PM Ignore Martinman Report Abuse REPOST ! And not "news".
lgwhitlock Champion Author Chico Posts:5,150 Points:1,227,370 Joined:Jun 2008	Message Posted: Sep 2, 2010 5:06:25 PM Ignore lgwhitlock Report Abuse Until the economy truly picks up some steam I suspect this will continue...
LuckyD43 Champion Author Long Island Posts:18,850 Points:1,735,210 Joined:Apr 2005	Message Posted: Sep 2, 2010 4:35:03 PM Ignore LuckyD43 Report Abuse There will be monthes ahead that will be clumkers unless the economy improves.
lucky69 Champion Author Austin Posts:2,291 Points:1,064,910 Joined:May 2008	Message Posted: Sep 2, 2010 4:31:12 PM Ignore lucky69 Report Abuse people just aren't buying right now, there on vacation I guess.
HEBster Champion Author Kentucky Posts:6,479 Points:1,919,040 Joined:May 2006	Message Posted: Sep 2, 2010 4:27:51 PM Ignore HEBster Report Abuse It'll come back...
geoutpb Champion Author Midland Odessa Posts:2,797 Points:710,355 Joined:Dec 2006	Message Posted: Sep 2, 2010 4:26:26 PM Ignore geoutpb Report Abuse September sales will be up. August had money going for school supplies and clothes.
aarrrt Champion Author San Diego Posts:5,442 Points:1,215,190 Joined:May 2008	Message Posted: Sep 2, 2010 4:20:45 PM Ignore aarrrt Report Abuse GMs numbers were really bad.
Bajabugster Veteran Author New Mexico Posts:310 Points:107,800 Joined:Jun 2007	Message Posted: Sep 2, 2010 4:19:13 PM Ignore Bajabugster Report Abuse Didn't some report just say that manufacturing was way up in August, I guess that report was just for Wall Street, gave them an excuse to run up stocks and oil, even though the report meant nothing, it doesn't take much to rally Wall Street.
RoadhogMA Champion Author Boston Posts:4,224 Points:898,070 Joined:Dec 2008	Message Posted: Sep 2, 2010 4:17:35 PM Ignore RoadhogMA Report Abuse To many out work .
JoeKR Champion Author New Jersey Posts:7,263 Points:1,417,965 Joined:Feb 2006	Message Posted: Sep 2, 2010 4:15:27 PM Ignore JoeKR Report Abuse No surprise with the sluggard economy!
ricker8 Champion Author Ontario Posts:3,128 Points:675,325 Joined:Oct 2008	Message Posted: Sep 2, 2010 4:11:56 PM Ignore ricker8 Report Abuse still to many people are out of work so this comes as now surprise.
virginia52 Champion Author Alaska Posts:5,752 Points:1,132,690 Joined:May 2007	Message Posted: Sep 2, 2010 4:11:49 PM Ignore virginia52 Report Abuse I would love to be able to buy a new car but it's not in my meager budget. I'm driving a car that is 13 years old and as long as it's safe and gets me to where I need to go it's ok with me.
uglytom Champion Author Florida Posts:5,698 Points:1,192,860 Joined:Jul 2007	Message Posted: Sep 2, 2010 4:08:42 PM Ignore uglytom Report Abuse Not unexpected!
bell05 Champion Author Atlanta Posts:6,894 Points:1,412,635 Joined:Jun 2005	Message Posted: Sep 2, 2010 4:07:45 PM Ignore bell05 Report Abuse This article paints a real bad picture. But look at the figures. They aren't all that low. From last Feb. down only .3 million out of 10 million!! And it only down what 10 or 15 percent from the Clunker program last year. Yea down, but in today's time, not all that bad. I certainly wouldn't expect it to go up!!
PAborn54 All-Star Author Milwaukee Posts:912 Points:580,640 Joined:May 2009	Message Posted: Sep 2, 2010 4:05:59 PM Ignore PAborn54 Report Abuse What did they expect especially with the economy in the dumper.
Toppers Champion Author Atlanta Posts:6,678 Points:2,009,700 Joined:Mar 2005	Message Posted: Sep 2, 2010 4:05:28 PM Ignore Toppers Report Abuse Unemployment still too high...
JohnRodesJunkie Veteran Author Florida Posts:253 Points:452,140 Joined:Jun 2008	Message Posted: Sep 2, 2010 4:00:01 PM Ignore JohnRodesJunkie Report Abuse If Obama sends me $30000, I'll go buy a new car. Wait...why don't you send it to me; that's where Obama would get it from anyway.
Paw5X Champion Author Gary Posts:7,769 Points:1,881,545 Joined:May 2005	Message Posted: Sep 2, 2010 3:57:15 PM Ignore Paw5X Report Abuse That's because unemployment went up! So who is the rocket scientist now?
Broncos Sophomore Author Honolulu Posts:195 Points:337,310 Joined:Oct 2005	Message Posted: Sep 2, 2010 3:55:34 PM Ignore Broncos Report Abuse wait.... Obama will fix it!! NOT
Panama Red Champion Author San Diego Posts:8,757 Points:2,046,015 Joined:Jun 2004	Message Posted: Sep 2, 2010 3:51:42 PM Ignore Panama Red Report Abuse I bought a new truck in July, so I did my part.
sabob Champion Author Pennsylvania Posts:7,474 Points:678,865 Joined:Dec 2008	Message Posted: Sep 2, 2010 3:49:58 PM Ignore sabob Report Abuse Whos got any money left over to buy a new car ????
LittleBlueCarNY Champion Author Albany Posts:1,476 Points:654,835 Joined:Apr 2008	Message Posted: Sep 2, 2010 3:46:21 PM Ignore LittleBlueCarNY Report Abuse Pretty soon they'll pass a law requiring everyone to buy a car.
MJIOWA Champion Author Iowa Posts:2,639 Points:645,345 Joined:Nov 2009	Message Posted: Sep 2, 2010 3:46:10 PM Ignore MJIOWA Report Abuse IT WAS A GOOD THING IF YOU HAD THE MONEY
saleboss Champion Author Phoenix Posts:2,866 Points:966,490 Joined:Feb 2006	Message Posted: Sep 2, 2010 3:45:25 PM Ignore saleboss Report Abuse I wish I could afford a new car!!!
tomok Champion Author Portland Posts:24,692 Points:1,882,510 Joined:Aug 2006	Message Posted: Sep 2, 2010 3:42:25 PM Ignore tomok Report Abuse Oh that! It was Barry spending money the government does not have and the taxpayers will be paying back for years and years to come. And, which ‘clunker’ was that?
jeromehasbargen Champion Author Minnesota Posts:3,210 Points:628,720 Joined:Jan 2009	Message Posted: Sep 2, 2010 3:29:38 PM Ignore jeromehasbargen Report Abuse When people don't "need" to replace their car and there is no "government incentive" to buy a new one and when people "can't afford" to buy a new one, it is no surprise to me that new car purchases have fallen.
bills55 Champion Author San Diego Posts:2,207 Points:513,955 Joined:Sep 2009	Message Posted: Sep 2, 2010 3:27:03 PM Ignore bills55 Report Abuse Pretty obvious, very few able to spend.
ThatHunt Champion Author Dallas Posts:4,487 Points:1,630,015 Joined:Jul 2006	Message Posted: Sep 2, 2010 3:18:46 PM Ignore ThatHunt Report Abuse nobody has any money.
zee10 Veteran Author California Posts:362 Points:47,200 Joined:Mar 2010	Message Posted: Sep 2, 2010 3:17:48 PM Ignore zee10 Report Abuse Who has the money to spend.
mitchell6597 Champion Author New Hampshire Posts:2,573 Points:518,290 Joined:Apr 2010	Message Posted: Sep 2, 2010 3:11:43 PM Ignore mitchell6597 Report Abuse Maybe if someone would build a car that everyone could afford, and was nice to look at, and got good mileage, and wasn't recalled all the time, and was safe, and reliable, and in nice colors, with all of the amenaties...oh well...
mmene Champion Author Houston Posts:4,347 Points:938,970 Joined:May 2008	Message Posted: Sep 2, 2010 3:07:45 PM Ignore mmene Report Abuse exactly Bud122CA - how many people can afford major new purchases right now.
CentrevilleWill All-Star Author Virginia Posts:746 Points:1,433,635 Joined:Aug 2006	Message Posted: Sep 2, 2010 3:06:44 PM Ignore CentrevilleWill Report Abuse Used car market is on fire right now.
Bud122CA Champion Author California Posts:5,233 Points:1,149,860 Joined:Jul 2008	Message Posted: Sep 2, 2010 3:05:49 PM Ignore Bud122CA Report Abuse People don't have money. They are losing there houses. Are they going to buy new cars??
balljars Champion Author Michigan Posts:6,155 Points:1,221,150 Joined:Aug 2008	Message Posted: Sep 2, 2010 3:05:39 PM Ignore balljars Report Abuse Maybe next year will be better.
hank1326 Champion Author Los Angeles Posts:6,711 Points:1,283,415 Joined:Jun 2008	Message Posted: Sep 2, 2010 3:02:33 PM Ignore hank1326 Report Abuse Huge ditto to Jarod13. The program was a complete waste of our tax dollars.
Bhmf4 Champion Author Alabama Posts:1,323 Points:844,535 Joined:Oct 2008	Message Posted: Sep 2, 2010 3:01:43 PM Ignore Bhmf4 Report Abuse Who would want to buy a new car in todays environment? Used cars and hold what you have make more sense.
eddmac Champion Author Washington Posts:5,526 Points:1,234,975 Joined:May 2006	Message Posted: Sep 2, 2010 2:58:31 PM Ignore eddmac Report Abuse I've been getting flyers from local dealers to by my used car. Hmmm, I think they see a bigger market in used cars. Or they are trying to take business for private online sales.
Dipstick1 Champion Author Amarillo Posts:6,621 Points:1,760,110 Joined:Jan 2006	Message Posted: Sep 2, 2010 2:24:17 PM Ignore Dipstick1 Report Abuse There are still more new cars sold than there should be.
ScottTee Champion Author Detroit Posts:2,103 Points:605,200 Joined:Mar 2010	Message Posted: Sep 2, 2010 2:22:52 PM Ignore ScottTee Report Abuse just like home sales, it is the post tax credit hangover
nehemiah Champion Author Portland Posts:3,041 Points:554,040 Joined:Jul 2007	Message Posted: Sep 2, 2010 2:22:23 PM Ignore nehemiah Report Abuse maybe this is good news, less cars on the road means less jams and less oil wasted?
Kato51 Champion Author Atlanta Posts:5,347 Points:1,774,375 Joined:Jul 2005	Message Posted: Sep 2, 2010 1:51:01 PM Ignore Kato51 Report Abuse Doesn't any one remember we have a terrible economy going on now? If you are struggling to eat and pay your bills how in the world can anyone justify buying a new car?
PaylessKY Champion Author Kentucky Posts:6,130 Points:1,126,400 Joined:Oct 2008	Message Posted: Sep 2, 2010 1:46:57 PM Ignore PaylessKY Report Abuse I saw a report that there would be fewer factory and dealer incentives.
arnerator Champion Author Seattle Posts:5,836 Points:1,158,635 Joined:Sep 2008	Message Posted: Sep 2, 2010 1:41:04 PM Ignore arnerator Report Abuse Time for some more factory incentives...and NOT pegged to unreasonably short term loans.
Foxychic Sophomore Author Miami Posts:204 Points:65,190 Joined:Jun 2010	Message Posted: Sep 2, 2010 1:39:29 PM Ignore Foxychic Report Abuse Sometimes news doesn't seem to surprise me.
egd Champion Author Twin Cities Posts:6,069 Points:1,725,740 Joined:Mar 2005	Message Posted: Sep 2, 2010 1:32:32 PM Ignore egd Report Abuse those nasty LIBERALS at Automotive News
NavyStore Champion Author Seattle Posts:3,769 Points:1,662,435 Joined:Aug 2005	Message Posted: Sep 2, 2010 1:32:01 PM Ignore NavyStore Report Abuse Why are you conservatives bitching about this? Because all you can do is whine, wreck and ruin! Now shut up and let the adults fix your mess.
Jarod13 Champion Author Virginia Posts:3,470 Points:1,052,830 Joined:Oct 2008	Message Posted: Sep 2, 2010 1:27:05 PM Ignore Jarod13 Report Abuse njerald -- Ah, yes, another article leaning towards liberalism, which is the direction that President Obama, Princess Pelosi and Prince Reid want to lead this country. It'll only be a matter of time before this nation hits the bottom of the barrel and becomes a nation of second class citizens. We're already seeing our educational system dropping in the rankings when compared to the other nations of the world. The upcoming 2010 elections can't happen soon enough, in order to turn the tide on this run away, completely out of control, spend, spend and spend mentality that President Obama and his court have been touting these past several months.
applejoe Champion Author Twin Cities Posts:3,630 Points:766,320 Joined:May 2001	Message Posted: Sep 2, 2010 1:25:53 PM Ignore applejoe Report Abuse This is not surprising!!!!
Lizzylou Champion Author Stockton Posts:7,045 Points:2,004,050 Joined:Oct 2005	Message Posted: Sep 2, 2010 1:25:45 PM Ignore Lizzylou Report Abuse Not seeing a lot of new autos on the road these days!