AnMaster.com

Alexkid · 03-02-2011, 02:56 AM

US auto sales jump 27 percent in February
DEE-ANN DURBIN - The Associated Press

05:55:55AM (ET_ Wednesday,March 2,2011.

DETROIT (AP) — As more U.S. buyers head back into auto dealerships, automakers are jostling for their attention with sweetened deals.

The major automakers knocked a little extra off sticker prices in February, giving additional momentum to a recovery in sales that started last year. The good news for buyers is that discounts are likely to continue into the spring, as older models like the Toyota Corolla and Chevrolet Malibu duke it out with newer models like the Ford Focus and Hyundai Elantra.

"Sales rates are starting to exceed expectations. It's an opportunity to grab sales from others if you're aggressive enough and you have the right product," said Jesse Toprak, vice president of industry analysis at auto pricing site TrueCar.com.

All the major car companies reported double-digit gains for last month. Improving economic conditions and consumer confidence could mean more gains in the months ahead.

But automakers' results came on a day when oil again approached $100 per barrel on continued unrest in the Arab world. Rising oil prices could still put a damper on the industry's recovery, GM CEO Dan Akerson cautioned on the sidelines of the Geneva Auto Show.

Link:LocalNet - US auto sales jump 27 percent in February
---------------------------------------------------------------
* Good to see some competition in sales.
Excellent month for GM.
Ford still showing sales along with Hyundai.
Chrysler is holding on... *

03-02-2011, 02:56 AM	#1
Alexkid Your World & Experience Join Date: Jan 2009 Location: Eastern Time Zone Posts: 8,644 Rep Power: 10	US auto sales jump 27 percent in February US auto sales jump 27 percent in February DEE-ANN DURBIN - The Associated Press 05:55:55AM (ET_ Wednesday,March 2,2011. DETROIT (AP) — As more U.S. buyers head back into auto dealerships, automakers are jostling for their attention with sweetened deals. The major automakers knocked a little extra off sticker prices in February, giving additional momentum to a recovery in sales that started last year. The good news for buyers is that discounts are likely to continue into the spring, as older models like the Toyota Corolla and Chevrolet Malibu duke it out with newer models like the Ford Focus and Hyundai Elantra. "Sales rates are starting to exceed expectations. It's an opportunity to grab sales from others if you're aggressive enough and you have the right product," said Jesse Toprak, vice president of industry analysis at auto pricing site TrueCar.com. All the major car companies reported double-digit gains for last month. Improving economic conditions and consumer confidence could mean more gains in the months ahead. But automakers' results came on a day when oil again approached $100 per barrel on continued unrest in the Arab world. Rising oil prices could still put a damper on the industry's recovery, GM CEO Dan Akerson cautioned on the sidelines of the Geneva Auto Show. Link:LocalNet - US auto sales jump 27 percent in February --------------------------------------------------------------- * Good to see some competition in sales. Excellent month for GM. Ford still showing sales along with Hyundai. Chrysler is holding on... * __________________ Yeah...Do That.

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Switch to Hybrid Mode Threaded Mode

AnMaster.com

Cars Thread About, US auto sales jump 27 percent in February