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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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lgwhitlock Champion Author Chico Posts:2,829 Points:723,275 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...
Jeeputtputt All-Star Author Cincinnati Posts:705 Points:180,745 Joined:Aug 2009	Message Posted: Mar 19, 2010 1:54:49 PM Ignore Jeeputtputt Report Abuse It's not warm weather. It's all the GREAT DEALS on Toyota's!!!
sit All-Star Author Cleveland Posts:803 Points:992,805 Joined:Feb 2006	Message Posted: Mar 19, 2010 1:52:49 PM Ignore sit Report Abuse Good.
RovingOkie67 Champion Author Arizona Posts:1,586 Points:416,805 Joined:Jul 2007	Message Posted: Mar 19, 2010 1:52:45 PM Ignore RovingOkie67 Report Abuse Just wait until Obama's health care reform passes and people will realize that they won't be able to afford a new car because they will be devastated because of how much it will cost their employers to pay to put you on the new health care agenda. Most small employers will fire people left to right because the economy is not rebounding enough! President Obama should stop shoving health care and socialism down our throats. If this continues we will certainly fall further financially and all wind up in a lasting Depression and find our next meals from a state sponsored soup line. People, will be devastated and pinch their pennies more and more with each passing month and year that comes after the Obama,Reid, Pelosi idea of appropriate health care which has tons of earmarks and will cost in excess of $2 trillion dollars at least within the first decade after it is enforced.
Hugo40 Champion Author Kentucky Posts:2,743 Points:651,010 Joined:Aug 2008	Message Posted: Mar 19, 2010 1:52:29 PM Ignore Hugo40 Report Abuse Don't expect the higher sales to last beyond the spring time with the economy still in the tank.
oldosc8 All-Star Author Baltimore Posts:503 Points:123,835 Joined:Nov 2009	Message Posted: Mar 19, 2010 1:52:04 PM Ignore oldosc8 Report Abuse Spring fever with auto dealers giving deep discounts and did anyone say that it is also because the interests rates on auto loans are being kept artificially low.
Grismer Champion Author Kitchener-Waterloo Posts:3,702 Points:766,290 Joined:Apr 2008	Message Posted: Mar 19, 2010 1:50:55 PM Ignore Grismer Report Abuse Really?
aalix Champion Author Orange County Posts:18,202 Points:3,175,875 Joined:Aug 2001	Message Posted: Mar 19, 2010 1:45:13 PM Ignore aalix Report Abuse Is car buying really back in vogue?
eddyp94 Champion Author Ontario Posts:4,166 Points:870,410 Joined:Mar 2008	Message Posted: Mar 19, 2010 1:43:46 PM Ignore eddyp94 Report Abuse lets wait and see how long this lasts...
Jarod13 Champion Author Virginia Posts:2,885 Points:639,475 Joined:Oct 2008	Message Posted: Mar 19, 2010 1:42:47 PM Ignore Jarod13 Report Abuse Just wait until the general public gets over the nice weather and then starts to remember that the economy is still in the toilet and President Obama isn't doing anything to turn the economy around. They'll start feeling numb, just as they did before, when he first came into office and promised the world to us all, without telling us how he would pay for his expensive, liberal, left-wing spending bills...
balljars Champion Author Michigan Posts:3,643 Points:723,325 Joined:Aug 2008	Message Posted: Mar 19, 2010 1:41:05 PM Ignore balljars Report Abuse This is a very good sign.
fordmexico Champion Author Michigan Posts:2,152 Points:181,200 Joined:Oct 2009	Message Posted: Mar 19, 2010 1:38:43 PM Ignore fordmexico Report Abuse MINER posted, "Like its been said before thats only for half a month, I've read articles that some states will be delaying sending out tax refunds because of lack of funds..." Generally, the Spring Market" is influenced more by FEDERAL TAX REFUNDS which are projected to increase slightly this year. Typically, state refunds do not have much effect on vehicle purchases. Unless there is a very dramatic outside influence on the vehicle industry or total economy, projections for the market are quite accurate and any differences will be insignificant when looking at the total.
RocketmanC99 Champion Author Missouri Posts:1,263 Points:441,155 Joined:Jan 2007	Message Posted: Mar 19, 2010 1:37:53 PM Ignore RocketmanC99 Report Abuse I wonder if it's just spring fever?
rasprout Champion Author Tacoma Posts:1,511 Points:387,545 Joined:Jun 2009	Message Posted: Mar 19, 2010 1:37:22 PM Ignore rasprout Report Abuse If the cars are to replace gas hogs this is GOOD... If just buying more, BAAAD for the price of gas!
fordmexico Champion Author Michigan Posts:2,152 Points:181,200 Joined:Oct 2009	Message Posted: Mar 19, 2010 1:33:42 PM Ignore fordmexico Report Abuse nehemiah posted, "this only means more people are going to use gas, which will drive the price up" Read Paw5X's post. Customers typically trade in a vehicle when they purchase a new one. Therefore, no increase in total number of vehicles being driven. As Paw5X stated, he like others often end-up with a vehicle that gets better fuel economy, thus, less gas being used. Effect on prices because of the sales increase is unknown since there are other factors driving the price of gas such as miles being driven, world politics and GREED.
MINER Champion Author Pittsburgh Posts:8,437 Points:2,471,195 Joined:Jul 2002	Message Posted: Mar 19, 2010 1:32:04 PM Ignore MINER Report Abuse Like its been said before thats only for half a month, I've read articles that some states will be delaying sending out tax refunds because of lack of funds...
eweeld Rookie Author Nevada Posts:1 Points:1,435 Joined:Mar 2010	Message Posted: Mar 19, 2010 1:31:17 PM Ignore eweeld Report Abuse I'll second the buy American
Xpoint Champion Author Idaho Posts:5,323 Points:691,675 Joined:May 2004	Message Posted: Mar 19, 2010 1:30:00 PM Ignore Xpoint Report Abuse A positive sign.
Paw5X Champion Author Gary Posts:5,709 Points:1,542,445 Joined:May 2005	Message Posted: Mar 19, 2010 1:28:51 PM Ignore Paw5X Report Abuse I bought a new car this month and it means I will be driving my truck less (Gas Hog) and driving my new fuel efficient car instead.
plebe2001de Champion Author Delaware Posts:1,067 Points:219,665 Joined:Nov 2009	Message Posted: Mar 19, 2010 1:26:21 PM Ignore plebe2001de Report Abuse That's only for half of the month. We need to wait for the whole month's sales to really get a picture of where sales are going.
nehemiah Champion Author Portland Posts:1,017 Points:135,295 Joined:Jul 2007	Message Posted: Mar 19, 2010 1:19:48 PM Ignore nehemiah Report Abuse this only means more people are going to use gas, which will drive the price up
vegaland Champion Author Houston Posts:2,403 Points:501,795 Joined:May 2006	Message Posted: Mar 19, 2010 1:18:28 PM Ignore vegaland Report Abuse Are they charging enough to cover costs? Not much point in moving iron at a loss because you produced too much.
Jeff1944 All-Star Author South Dakota Posts:840 Points:212,380 Joined:Jan 2010	Message Posted: Mar 19, 2010 1:18:11 PM Ignore Jeff1944 Report Abuse Good! That news should spark another gas increase!
judgemobile Champion Author Ohio Posts:2,754 Points:1,487,995 Joined:Nov 2005	Message Posted: Mar 19, 2010 1:16:51 PM Ignore judgemobile Report Abuse where are MY big incentives ? I am too big to fail, so I should get a free car and free gas and insurance for life. Well, Mr. Obama ? Send my government check to the home address.
fordmexico Champion Author Michigan Posts:2,152 Points:181,200 Joined:Oct 2009	Message Posted: Mar 19, 2010 1:16:12 PM Ignore fordmexico Report Abuse Nice weather, wanderlust and the receipt of income tax refunds has always driven the "Spring Market". Hopefully, the SAAR will remain at 12 million units or above as it will signal that the economy and consumer confidence is improving.
afghaned Champion Author Hamilton Posts:4,353 Points:310,825 Joined:May 2004	Message Posted: Mar 19, 2010 1:10:21 PM Ignore afghaned Report Abuse Spring time and people turn to methods of escaping the confines of the home. If gas prices keep rising these new vehicles could end up being expensive lawn art!!!! No job, no money.
Plebe2001 Champion Author Philadelphia Posts:2,266 Points:408,950 Joined:Jul 2008	Message Posted: Mar 19, 2010 1:08:30 PM Ignore Plebe2001 Report Abuse This is nice to hear. BUY AMERICAN!!!
OHMS Champion Author Orange County Posts:8,080 Points:911,685 Joined:May 2005	Message Posted: Mar 19, 2010 1:07:49 PM Ignore OHMS Report Abuse the thaw is underway; his high tax health bill hasn't passed; and people are getting wanderlust