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Record 13.2% Of Americans Plan To Buy Car Or Truck Soon
IBD's Capital Hill ^ | 2/22/2011 | Ed Carson

Posted on 02/22/2011 11:12:35 AM PST by Slyscribe

The share of Americans planning to buy an auto in the next six months rose to 13.2% this month, easily the highest reading since the Conference Board began tracking this measure in 1978. Auto sales for GM(GM), Ford (F) and others have been hot in recent months.

Auto loan credit approvals for first-time buyers have risen for the first time since the start of the recession, climbing 4.5% since October, LeaseTrader.com said.

(Excerpt) Read more at blogs.investors.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: autos; confidence; economy; housing

1 posted on 02/22/2011 11:12:44 AM PST by Slyscribe
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To: Slyscribe

Seems most Americans don’t care about the bailouts — that’s too stratospheric for them to see.


2 posted on 02/22/2011 11:14:37 AM PST by HiTech RedNeck (Hawk)
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To: Slyscribe

Idiots.


3 posted on 02/22/2011 11:16:36 AM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: Slyscribe
The share of Americans planning to buy an auto in the next six months rose to 13.2% this month

Too bad most of these autos they are going to buy will be older used models they can afford...

4 posted on 02/22/2011 11:17:20 AM PST by Dixie Yooper (Ephesians 6:11)
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To: Slyscribe

That’s because you can only drive an old Ford Festiva with stick shift for so long before it gives out. Thanks Obama, for the high gas prices!


5 posted on 02/22/2011 11:17:32 AM PST by NorthStarStateConservative (I'm just another disabled naturalized minority vegan pro life conservative.)
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To: Slyscribe

No way I believe this.


6 posted on 02/22/2011 11:18:22 AM PST by Repeal The 17th
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To: Slyscribe

Bet they do NOT!

We have another thing coming and buying a new car will not fit into their plans to survive.


7 posted on 02/22/2011 11:18:26 AM PST by jafojeffsurf (Return to the Constitution.)
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To: Slyscribe

Who are these people kidding?That would be the day I would buy a new vehicle of any type.

As far as I’m concerned NOW is Not the time to buy anything that expensive espechially on credit.

My vehicle is 7 years old and it’s going to have too last a while longer.


8 posted on 02/22/2011 11:18:37 AM PST by puppypusher (The World is going to the dogs.)
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To: Slyscribe

half of them also think sosh security is a good return on ‘investment’ ,the Easter Bunny is real,and
they’re going to win the lottery soon.


9 posted on 02/22/2011 11:26:41 AM PST by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: Dixie Yooper

I’m tradin’ in my Highlander for this;
http://tinyurl.com/4h7m6ze


10 posted on 02/22/2011 11:26:55 AM PST by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: HiTech RedNeck

Watch, they are going to buy Trucks, SUVs, and Minivans again and not the green commie cars.


11 posted on 02/22/2011 11:32:16 AM PST by dila813
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To: Dr. Bogus Pachysandra

Congratulations on finally achieving your lifetime goal of finally owning a Cadillac!


12 posted on 02/22/2011 11:35:03 AM PST by Dixie Yooper (Ephesians 6:11)
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To: Slyscribe
Haven't looked at the promotion deals, have you, hell it is not GMs money, it is the federal reserve, and they are paying people to sign, no money down, deep discount and you can leave with money in your pocket.
13 posted on 02/22/2011 11:35:13 AM PST by org.whodat
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To: Dixie Yooper

It looks like a flying saucer landed on it! Bizarre, to say the least!


14 posted on 02/22/2011 11:40:36 AM PST by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: Slyscribe

Real story is 86.8% Of Americans do not Plan To Buy Car Or Truck Soon, and I am one of them.


15 posted on 02/22/2011 11:43:54 AM PST by NavyCanDo
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To: Dr. Bogus Pachysandra

Too bad it has a reserve, it would have gone for really big money at the Barrett-Jackson auction last month.


16 posted on 02/22/2011 11:44:33 AM PST by Dixie Yooper (Ephesians 6:11)
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To: Slyscribe

Let’s see if their plans change after the incipient stock market crash.


17 posted on 02/22/2011 11:46:36 AM PST by steve86 (Acerbic by nature, not nurture (Could be worst in 40 years))
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To: Slyscribe
Americans Plan To Buy Car Or Truck Soon

Any time now, real soon, any second, probably next week....

18 posted on 02/22/2011 11:49:47 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: Slyscribe

No new car for me until I pay off my house(less than 4 yrs now). Here’s hoping my Toyota hangs in there just for several more years.


19 posted on 02/22/2011 11:59:32 AM PST by bigredkitty1 (March 5,2010. Rest in peace, sweet boy. I will miss you, Big Red.)
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To: bigredkitty1

back in debt


20 posted on 02/22/2011 12:05:03 PM PST by scooby321
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To: Slyscribe

I’m prepared to buy something, maybe new maybe used, but not planning on it. My ‘99 GM pickup has over 200K on it, anything major breaks I’ll be in the market. I’ve been a loyal GM owner since 1980 when I bought a 1968 impala. My next truck will be either a Ford or a Toyota Tundra unless a real sweet deal on preowned turns up, which thanks to cash for clunkers probably won’t happen.


21 posted on 02/22/2011 12:29:01 PM PST by WinMod70
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To: Slyscribe

We may be among them. Our vans are 7 and 14 years old, and the 14 year old one is reaching the end, despite careful maintenance. We’re still mulling it over, but if inflation really picks up, we may be better off buying a big ticket item now rather than waiting a year or two. If we want to finance it, rates are still low. I remember the double digit interest rates from the post-Carter years. I’d rather be receiving those rates than paying them.


22 posted on 02/22/2011 12:30:52 PM PST by Think free or die
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To: scooby321

I may drive an 11 yr old car, but I have been happily car payment free since 2003.


23 posted on 02/22/2011 12:39:26 PM PST by bigredkitty1 (March 5,2010. Rest in peace, sweet boy. I will miss you, Big Red.)
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To: Slyscribe

I do need a new vehicle (my van is 13 years old and one of the strut towers is beginning to show signs of rot).
I have no intention of supporting Government Motors or anyone else who accepted Obama’s bribes. I suppose that means I’ll be getting a Ford. My eye is currently on the Ford F150.


24 posted on 02/22/2011 12:39:33 PM PST by BuffaloJack (Re-Elect President Sarah Palin 2016)
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To: Slyscribe

That is about 15 million people. I HIGHLY doubt that many will be buying a vehicle.


25 posted on 02/22/2011 12:39:50 PM PST by CodeToad (Islam needs to be banned in the US and treated as a criminal enterprise.)
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To: Slyscribe

We just bought a new F-150. Hubby wouldn’t even consider GM or Mopar. Replaced an 11 year old Silverado. We were gonna wait a few more years, but I felt that if we did that we would probably be looking at 6 digits.


26 posted on 02/22/2011 12:44:39 PM PST by sportutegrl
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To: Slyscribe

The battery packs on some of those first hybrids have to be about worn out. Wait until people see what it costs to replace them.


27 posted on 02/22/2011 1:56:07 PM PST by blueunicorn6 ("A crack shot and a good dancer.")
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To: Repeal The 17th
No way I believe this.

I've seen data that says the average age and mileage of the current US auto fleet is the highest ever. Cars do last longer but they don't last forever.

28 posted on 02/22/2011 1:59:18 PM PST by nascarnation
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To: dila813
Watch, they are going to buy Trucks, SUVs, and Minivans again and not the green commie cars.

$5 / gallon gas may change your prediction, and that looks like where we're headed.

The good news is that's a big nail in the coffin for Baraq's re-election chances.

29 posted on 02/22/2011 2:01:14 PM PST by nascarnation
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To: Dr. Bogus Pachysandra

LOL I’ve bought several estate Caddys with low miles for screaming low bucks. Garage queens as they say.

Right now I’ve got an SRX I bought with 15k miles for 40% of sticker.


30 posted on 02/22/2011 2:05:18 PM PST by nascarnation
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To: blueunicorn6
The battery packs on some of those first hybrids have to be about worn out. Wait until people see what it costs to replace them.

The first Prius went on the market in 1997. How much longer will we have to wait?

31 posted on 02/22/2011 2:09:06 PM PST by SeeSac
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To: nascarnation

Plus the much reduced available used car fleet because everyone has run them into the ground.

Hyundai and Kia are well positioned to pick up this slack. I expect to see them make huge money in the next couple of years.


32 posted on 02/22/2011 2:11:54 PM PST by Rev DMV
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To: nascarnation

I don’t think so, the American Worker is smart enough to know that Trucks and larger vehicles transport more cargo for a given gallon of gas than a commie car.

They will cut down on trips, but they will only have to make one trip vs 15.


33 posted on 02/22/2011 2:17:57 PM PST by dila813
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To: who knows what evil?

I plan on buying one soon, but it will be used. Thinking of a 10 year old Dodge truck with a Cummins engine and less than 100K miles.


34 posted on 02/22/2011 2:19:51 PM PST by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: Blood of Tyrants

My next will probably be ‘previously owned’; as well.


35 posted on 02/22/2011 2:26:04 PM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: Rev DMV

The Chinese are poised to attack the US auto market also.

They’ve needed time to steal / develop world competitive designs and build enough factories to satisfy their domestic demand. Right now they’re pretty close to both objectives.

Over the next decade they’ll start carving out a significant chunk of the US market. If I ran WalMart I’d begin adding on dealerships to sell “Great Value” generic Chinese cars at unbeatable prices and service them in the oil change/ tire bays.


36 posted on 02/22/2011 3:08:39 PM PST by nascarnation
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To: CodeToad

Total 2009 sales were 14.2 million as a result of cash for clunkers. Many people have put off replacing the car since then and many others see high gas prices and want to downsize to a more fuel efficient car. I don’t think 15 million cars sold next year would be an outrageous number given that less than 12 million sold last year, I believe.

It is not like they are calling for sales of 20 million or something.


37 posted on 02/22/2011 4:09:26 PM PST by Freedom_Is_Not_Free (We be Fooked.)
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To: nascarnation

“...I’ve seen data that says the average age and mileage of the current US auto fleet is the highest ever...”
-
I’m still drivin’ my 1988 F150 and I plan to keep on drivin’ it till I die!


38 posted on 02/22/2011 4:40:25 PM PST by Repeal The 17th
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To: Repeal The 17th

Agree I’ve got a 67, a 96, and an 04 myself but most folks can’t handle the big repairs themselves and won’t put the big $$ into a 12 yr old car.


39 posted on 02/22/2011 4:44:41 PM PST by nascarnation
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To: Slyscribe
Is it me or is the link broken?

My guess is the "fleet" is getting old, i.e. people are driving cars 150k or more but now some are jsut to old to fix etc.

Not Investment advice but on CNBC the other day "Dougie Kass" noted he is long on Ford and GM, look at this track record predicting things, and what does that tell you.

40 posted on 02/22/2011 4:45:12 PM PST by taildragger ((Palin / Mulally 2012))
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To: Slyscribe
"Record 13.2% Of Americans Plan To Buy Car Or Truck Soon"

Ah...teachers and other government employees, contractors, dependents,... So? They won't realize the direction of the economy, until it smacks them.


41 posted on 02/22/2011 6:16:32 PM PST by familyop ("Don't worry, they'll row for a month before they figure out I'm fakin' it." --Deacon, "Waterworld")
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