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Pent up demand has Americans buying cars again

GasBuddy Blog -- There's some good news on the economic front. After postponing major purchases as long as possible Americans are buying new cars again. And we're making those purchases at the strongest rate seen in more than four years.

According to Nathan Bomey of the Detroit Free Press, robust numbers on new vehicles bought in August represent the most convincing evidence yet that the industry's recovery is sustainable as consumers replace aging vehicles and capitalize on zero percent financing.

Vehicle sales rose 20% in August compared with 2011 data on auto sales, boosting the industry's seasonally adjusted annual selling rate to 14.52 million vehicles, according to Autodata.

The major driver, analysts agree, seems...

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Submitted Sep 06, 2012 By: PD

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honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Sep 10, 2012 6:48:00 AM Ignore honda0105 Report Abuse I keep my cars well past their 7 years, no need to buy new and go into debt.
pilotmass Champion Author Boston Posts:1,814 Points:500,660 Joined:Jul 2011	Message Posted: Sep 9, 2012 8:03:46 AM Ignore pilotmass Report Abuse With over 60% of all cars 7 or more years old, its no wonder so many are starting to head to the dealerships
honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Sep 9, 2012 7:20:07 AM Ignore honda0105 Report Abuse keep buying cars and trucks w/ credit, and we'll see housing crisis repeated w/ the car credits. Except, with vehicles, not much is left after a few years that's worth repo'ing.
honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Sep 7, 2012 11:08:28 PM Ignore honda0105 Report Abuse as long as it doesn't lead to a credit crunch and ultimate defaulting on car loans...
sparky808 Champion Author Honolulu Posts:2,993 Points:596,760 Joined:Sep 2011	Message Posted: Sep 7, 2012 12:45:29 PM Ignore sparky808 Report Abuse old
Cakes77 Champion Author Harrisburg Posts:5,151 Points:1,650,695 Joined:Aug 2006	Message Posted: Sep 7, 2012 9:48:45 AM Ignore Cakes77 Report Abuse This is like the 5th article about this here over the past 3 days! LOL
IrishCowboy Champion Author Fort Wayne Posts:1,431 Points:570,730 Joined:Jan 2011	Message Posted: Sep 7, 2012 8:18:01 AM Ignore IrishCowboy Report Abuse People have hung on as long as they could! When it breaks down beyond repair, you gotta do something!
OldMan322 Champion Author Illinois Posts:5,145 Points:1,592,790 Joined:Jul 2008	Message Posted: Sep 7, 2012 7:43:23 AM Ignore OldMan322 Report Abuse "germainesr" Not here !!
1972Pinto Champion Author Wisconsin Posts:189,098 Points:280,355 Joined:Aug 2012	Message Posted: Sep 7, 2012 6:33:43 AM Ignore 1972Pinto Report Abuse fuzzy economics, make the numbers work for you.
remay Champion Author Houston Posts:6,953 Points:2,115,440 Joined:May 2006	Message Posted: Sep 7, 2012 5:53:52 AM Ignore remay Report Abuse Oh, good, I am glad someone picked up the slack for us... SKEW those numbers, MAKE it look "good".
germainesr Champion Author Columbia Posts:1,121 Points:349,460 Joined:Sep 2008	Message Posted: Sep 7, 2012 5:02:43 AM Ignore germainesr Report Abuse I don't see the economy picking up. Where is this happening?
oas Champion Author Maryland Posts:4,220 Points:2,139,465 Joined:Feb 2005	Message Posted: Sep 7, 2012 5:02:37 AM Ignore oas Report Abuse Old news.
Ringmaster2008 Champion Author Ontario Posts:7,568 Points:1,162,485 Joined:Apr 2008	Message Posted: Sep 7, 2012 5:02:17 AM Ignore Ringmaster2008 Report Abuse Proper maintenance of a vehicle will make it last for years, but eventually it has to be replaced.
Jeffro61 Champion Author Cleveland Posts:2,262 Points:2,283,770 Joined:Oct 2005	Message Posted: Sep 7, 2012 5:00:52 AM Ignore Jeffro61 Report Abuse Ok
WR-INC Champion Author Twin Cities Posts:39,480 Points:3,622,385 Joined:Dec 2002	Message Posted: Sep 7, 2012 4:59:44 AM Ignore WR-INC Report Abuse Robust? Compared to the bottom maybe, but not to anything reasonable.
neptune2008 Champion Author Michigan Posts:8,563 Points:1,667,775 Joined:Aug 2008	Message Posted: Sep 7, 2012 4:59:28 AM Ignore neptune2008 Report Abuse sounds delusional
Dailyrun Champion Author Kentucky Posts:1,972 Points:386,890 Joined:Apr 2012	Message Posted: Sep 7, 2012 4:58:49 AM Ignore Dailyrun Report Abuse Sounds doubtful!!
Petrock Champion Author Lexington Posts:9,113 Points:2,555,810 Joined:Apr 2005	Message Posted: Sep 7, 2012 4:58:19 AM Ignore Petrock Report Abuse The sales report may suggest it, but I don't see any good news on the economic front.
LeeFree Champion Author Pittsburgh Posts:9,141 Points:2,241,500 Joined:Jun 2005	Message Posted: Sep 7, 2012 4:57:27 AM Ignore LeeFree Report Abuse Good for the auto industry and all that support them.
wt0826 Champion Author Ontario Posts:3,716 Points:834,200 Joined:Jun 2009	Message Posted: Sep 7, 2012 4:54:29 AM Ignore wt0826 Report Abuse ok
DavidsChallenge All-Star Author Louisville Posts:635 Points:125,805 Joined:Aug 2012	Message Posted: Sep 7, 2012 4:52:47 AM Ignore DavidsChallenge Report Abuse Old story
scottydoesnt Champion Author Chicago Posts:3,772 Points:528,270 Joined:Apr 2011	Message Posted: Sep 7, 2012 4:51:59 AM Ignore scottydoesnt Report Abuse Pretty surprising. Must be people wanting better fuel efficiency.
DozenSpeed Champion Author St. Louis Posts:1,293 Points:391,550 Joined:Sep 2011	Message Posted: Sep 7, 2012 4:50:38 AM Ignore DozenSpeed Report Abuse Getting hopes up on the next change
Dabozz53 Champion Author New Jersey Posts:2,547 Points:434,625 Joined:Sep 2011	Message Posted: Sep 7, 2012 4:50:29 AM Ignore Dabozz53 Report Abuse Old news
isem Champion Author Missouri Posts:1,916 Points:421,235 Joined:Feb 2012	Message Posted: Sep 7, 2012 4:49:47 AM Ignore isem Report Abuse Déjà vu
BM4225 Champion Author Atlanta Posts:10,109 Points:2,093,095 Joined:Aug 2006	Message Posted: Sep 7, 2012 4:49:32 AM Ignore BM4225 Report Abuse How many vehicles that are around 10 years old being traded in?
nina07 Rookie Author Virginia Beach Posts:1 Points:295 Joined:Sep 2012	Message Posted: Sep 7, 2012 4:45:12 AM Ignore nina07 Report Abuse ok
hawkman1950 Champion Author Michigan Posts:2,615 Points:538,605 Joined:Aug 2010	Message Posted: Sep 7, 2012 4:44:12 AM Ignore hawkman1950 Report Abuse What ever.
ILVET Champion Author Illinois Posts:14,784 Points:2,923,665 Joined:Jan 2005	Message Posted: Sep 7, 2012 4:44:12 AM Ignore ILVET Report Abuse Im sorry but I cant swallow this
Z06KY Champion Author Louisville Posts:5,135 Points:903,765 Joined:Nov 2010	Message Posted: Sep 7, 2012 4:43:41 AM Ignore Z06KY Report Abuse True it is trucks.
P H Champion Author Albany Posts:58,084 Points:2,405,980 Joined:Jan 2004	Message Posted: Sep 7, 2012 4:43:16 AM Ignore P H Report Abuse Wrong! Its trucks they are buying.
rjd1608 Champion Author Toledo Posts:5,351 Points:1,928,055 Joined:Aug 2003	Message Posted: Sep 7, 2012 4:42:33 AM Ignore rjd1608 Report Abuse ok
SUPERSTEVIEO Champion Author Quebec Posts:3,523 Points:787,115 Joined:Oct 2010	Message Posted: Sep 7, 2012 4:41:49 AM Ignore SUPERSTEVIEO Report Abuse OK... so theya re trading up to new models... firtsly... we all know that August is the current year sell-off... lower prices... so this may not continue into the 4th Q... secondly... with teh newer models coming into use... they replace gass guzzlers ( so to pspeak ) and we shoul dsee a net fuel consumption drop... so will this help in getting gas prices down???? absolutely NOT! gas companies need to cover their infrstructure costs and keep profits up...
silverfox63 Champion Author Michigan Posts:8,110 Points:1,609,765 Joined:Oct 2008	Message Posted: Sep 7, 2012 4:40:11 AM Ignore silverfox63 Report Abuse Better to see good news then bad like the previous article.
warlord1 Champion Author Georgia Posts:5,240 Points:1,033,025 Joined:May 2010	Message Posted: Sep 7, 2012 4:39:42 AM Ignore warlord1 Report Abuse ok
pkhdonovan Champion Author Maine Posts:11,996 Points:2,702,880 Joined:Sep 2005	Message Posted: Sep 7, 2012 4:39:17 AM Ignore pkhdonovan Report Abuse at least this is a little bit of good news
StraKat Champion Author Ohio Posts:3,200 Points:567,415 Joined:Jan 2011	Message Posted: Sep 7, 2012 4:36:20 AM Ignore StraKat Report Abuse ok
batman2010 Champion Author Toronto Posts:1,658 Points:1,012,755 Joined:Jan 2010	Message Posted: Sep 7, 2012 4:34:09 AM Ignore batman2010 Report Abuse ok
slkmoo Champion Author Ontario Posts:1,243 Points:327,525 Joined:Apr 2012	Message Posted: Sep 7, 2012 4:32:37 AM Ignore slkmoo Report Abuse us economy still sucking , this too will pass
FMREALTOR Champion Author Florida Posts:6,395 Points:1,695,055 Joined:Jan 2007	Message Posted: Sep 7, 2012 4:32:36 AM Ignore FMREALTOR Report Abuse With gas prices shooting up, we'll see how this pans out.
shores4now Champion Author Kentucky Posts:2,396 Points:521,850 Joined:Jul 2009	Message Posted: Sep 7, 2012 4:32:27 AM Ignore shores4now Report Abuse ok
4bobux Champion Author Peoria Posts:1,962 Points:409,230 Joined:Mar 2012	Message Posted: Sep 7, 2012 4:32:19 AM Ignore 4bobux Report Abuse ok
JSX515 Champion Author St. Louis Posts:3,704 Points:799,645 Joined:Feb 2011	Message Posted: Sep 7, 2012 4:31:58 AM Ignore JSX515 Report Abuse old
AvantiMick Champion Author Indiana Posts:12,732 Points:2,540,595 Joined:Dec 2005	Message Posted: Sep 7, 2012 4:29:58 AM Ignore AvantiMick Report Abuse It won't last long.
vamike Champion Author Virginia Posts:5,315 Points:1,363,000 Joined:Dec 2008	Message Posted: Sep 7, 2012 4:28:08 AM Ignore vamike Report Abuse Gee, just in time for the election.
jci25946 Champion Author Tampa Posts:3,256 Points:937,840 Joined:Jan 2006	Message Posted: Sep 7, 2012 4:27:15 AM Ignore jci25946 Report Abuse Interesting.... gas prices?
gabisgram Champion Author Michigan Posts:2,186 Points:910,300 Joined:Sep 2006	Message Posted: Sep 7, 2012 4:26:10 AM Ignore gabisgram Report Abuse Have one vehicle, trying to make it last as long as I can, eventually it will wear out.
Tru2psu2 Champion Author Winston-Salem Posts:14,465 Points:1,553,680 Joined:Feb 2004	Message Posted: Sep 7, 2012 4:24:29 AM Ignore Tru2psu2 Report Abuse Sorry, no pent up demand here....
geezrtek Champion Author Michigan Posts:1,896 Points:430,535 Joined:Apr 2011	Message Posted: Sep 7, 2012 4:24:28 AM Ignore geezrtek Report Abuse Yesterdays news
Ziggy1962 Champion Author New Jersey Posts:5,733 Points:1,808,735 Joined:Aug 2006	Message Posted: Sep 7, 2012 4:24:13 AM Ignore Ziggy1962 Report Abuse Not me.