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Auto sales show industry beginning to stabilize

San Francisco Chronicle -- After months of roller-coaster results, the U.S. auto industry showed signs of stability in October.

Total sales of cars and light trucks were unchanged at just over 838,000 compared with October of last year, but rose 12 percent from a dismal September 2009, Autodata Corp. reported Tuesday. The results signaled that some consumers are starting to spend again and the sputtering economy is beginning to pull out of trouble.

"It's ... a fairly stable kind of footing that the industry is getting under it," said Gary Dilts, a former Chrysler sales executive who is now senior vice president of global automotive operations for J.D. Power and Associates.

Last month's sales, if projected for an entire year, rose to 10.5 million after slumping to 9.2 million in September,

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Submitted Nov 04, 2009 By: LetemEatCake

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EVBuddy Champion Author Nevada Posts:11,724 Points:2,063,160 Joined:Sep 2004	Message Posted: Nov 5, 2009 2:17:58 AM Ignore EVBuddy Report Abuse And those cars got what kind of mileage? They are not doing us a service, look at the crowded highways.
PetroScopper Champion Author Houston Posts:2,207 Points:603,230 Joined:Aug 2008	Message Posted: Nov 5, 2009 2:12:24 AM Ignore PetroScopper Report Abuse Good news for the economy and for the automakers.
tom11743 Champion Author North Carolina Posts:1,740 Points:421,170 Joined:May 2005	Message Posted: Nov 5, 2009 2:08:57 AM Ignore tom11743 Report Abuse Good news but tough times are ahead.
jadeusa Champion Author Dallas Posts:4,286 Points:875,410 Joined:Sep 2005	Message Posted: Nov 5, 2009 2:08:39 AM Ignore jadeusa Report Abuse Consumers are still slow to spend due to economy. The dollar has not stabilized enough with all of the wasteful spending (stimulus ?).
nurdco Champion Author Colorado Springs Posts:3,832 Points:719,030 Joined:Apr 2008	Message Posted: Nov 5, 2009 2:06:33 AM Ignore nurdco Report Abuse You believe that , I will sell you the Brooklyn Bridge
snappyray09 Champion Author Arkansas Posts:3,015 Points:363,970 Joined:Sep 2009	Message Posted: Nov 5, 2009 2:03:31 AM Ignore snappyray09 Report Abuse go ford go ford
Number43 Champion Author Lexington Posts:3,527 Points:682,125 Joined:Oct 2008	Message Posted: Nov 5, 2009 2:02:36 AM Ignore Number43 Report Abuse From time to time you do HAVE to replacement a car. With all the tax credits and incentives from dealers, now might be a good time to buy. After all , not everyone had a clunker.
Dmax13 Veteran Author Denver Posts:400 Points:167,895 Joined:Oct 2009	Message Posted: Nov 5, 2009 1:58:31 AM Ignore Dmax13 Report Abuse It will take time to "stabilize"
RENEGADEGAS Champion Author Missouri Posts:7,683 Points:620,155 Joined:Jul 2008	Message Posted: Nov 5, 2009 1:51:21 AM Ignore RENEGADEGAS Report Abuse Stabilize my foot! It was in wretched condition before the economic stimulus plan and its in worse shape now. How does this add up to use the word stabilize? I think not.
CoffeeTrader Champion Author Victoria Posts:2,412 Points:443,680 Joined:Sep 2008	Message Posted: Nov 5, 2009 1:51:09 AM Ignore CoffeeTrader Report Abuse Just an Up blip if you ask me.
jcurley Champion Author California Posts:3,410 Points:839,590 Joined:Dec 2007	Message Posted: Nov 5, 2009 1:50:52 AM Ignore jcurley Report Abuse As they say, past performance is no indicator of future results. The stimulus helped fill in part of the gap caused by our corrupt banking system. However, the banks are NOT lending to small businesses, and that is going to kill the recovery, before it really gets started. Those lazy senators had better get moving on a lending program for small businesses soon, or we'll remain in this stagnant state. Oh, and the stimulus did save 1000's of jobs, a large percentage in the education field. Of course, you won't hear that on fox opinion and news.
aalix Champion Author Orange County Posts:18,213 Points:3,177,825 Joined:Aug 2001	Message Posted: Nov 5, 2009 1:46:02 AM Ignore aalix Report Abuse Not out of the woods yet...
pyndasky Champion Author Maryland Posts:4,956 Points:820,780 Joined:May 2008	Message Posted: Nov 5, 2009 1:42:01 AM Ignore pyndasky Report Abuse "stabilize" is a relative term
pbc2001 Champion Author Dallas Posts:2,311 Points:416,430 Joined:Feb 2009	Message Posted: Nov 5, 2009 1:36:18 AM Ignore pbc2001 Report Abuse We shall see how it will actually work out.
sjambok Champion Author Nashville Posts:5,357 Points:1,141,345 Joined:Apr 2006	Message Posted: Nov 5, 2009 1:33:40 AM Ignore sjambok Report Abuse those guv paybacks for clunkers are still showing on the books for that month. Just wait till we get further from its end... will car sales continue to go upward. Probably not.
TIGERPAW46 Champion Author Florida Posts:2,788 Points:526,290 Joined:Mar 2004	Message Posted: Nov 5, 2009 1:33:36 AM Ignore TIGERPAW46 Report Abuse Comparing one month of Auto buying and trying to stretch that into a movement is ridiculous. I can't imagine even the worst economist would stake their reputation on such a conclusion. High interest rates, worst unemployment in many decades & falling value of the American Dollar are just a few reasons to the contrary. The business world is anticipating a 30% decrease in sales this 4th Quarter. The Cap & trade bill along with Nationalised health care promise to make spendable income even less. Surely NOT improved economy. The Controlling Political Party manipulated a Gag order to stop Medicare part D suppliers from informing seniors how much additional money the Peloski health care bill was going to cost them & how much less benefits you would get. What more need be said. http://www.mccfr.com/index.php [Edited by: TIGERPAW46 at 11/5/2009 1:38:53 AM EST]
Saturn93 Champion Author Salt Lake City Posts:4,245 Points:1,015,740 Joined:Oct 2006	Message Posted: Nov 5, 2009 1:24:34 AM Ignore Saturn93 Report Abuse What a waste of taxpayer funds.
grouch311 Champion Author Illinois Posts:4,044 Points:671,305 Joined:Jun 2007	Message Posted: Nov 5, 2009 1:23:21 AM Ignore grouch311 Report Abuse still can't afford one
spike1zz Champion Author Indiana Posts:5,212 Points:648,545 Joined:Oct 2008	Message Posted: Nov 5, 2009 1:21:44 AM Ignore spike1zz Report Abuse And????????
915Chief Champion Author San Diego Posts:3,650 Points:716,025 Joined:Aug 2008	Message Posted: Nov 5, 2009 1:10:49 AM Ignore 915Chief Report Abuse one month isn't long enough to draw a conclusion...
14of45SSR Champion Author Saskatchewan Posts:2,117 Points:475,255 Joined:Dec 2008	Message Posted: Nov 5, 2009 1:08:40 AM Ignore 14of45SSR Report Abuse Some of us would like to buy a new vehicle, but can not due to our employment situation!
007HS Champion Author California Posts:6,959 Points:1,852,135 Joined:Aug 2003	Message Posted: Nov 5, 2009 1:05:35 AM Ignore 007HS Report Abuse More GOVSPEAK!
texasvet Champion Author Texas Posts:1,402 Points:160,930 Joined:Jul 2009	Message Posted: Nov 5, 2009 1:02:46 AM Ignore texasvet Report Abuse Of course sales tanked in September, because everybody who wanted one got one under the CARS Program.
rxman1 Champion Author Toledo Posts:4,362 Points:910,405 Joined:Nov 2007	Message Posted: Nov 5, 2009 12:44:27 AM Ignore rxman1 Report Abuse Why buy a car and then get a pink slip at work.
PioneerUrban Champion Author West Virginia Posts:2,698 Points:532,505 Joined:Jun 2008	Message Posted: Nov 5, 2009 12:42:29 AM Ignore PioneerUrban Report Abuse I don't believe this. Auto sales are not stabilizing. If anything they are declining. Cash for clunkers was all smoke and mirrors.
Insp0999 All-Star Author South Carolina Posts:707 Points:266,160 Joined:Sep 2008	Message Posted: Nov 5, 2009 12:39:13 AM Ignore Insp0999 Report Abuse Ditto bobdec, I don't see very many people affording a new car with all this unemployment and reduced wages. The price of buying and owning a new car must come down for the industry to really recover. Remember the cost to buy, sales tax, annual property taxes, and insurance really add up.
NightDiver Champion Author Illinois Posts:2,036 Points:735,860 Joined:Mar 2007	Message Posted: Nov 5, 2009 12:36:11 AM Ignore NightDiver Report Abuse I doubt it. It won't stabilize until credit is made available to all. [Edited by: NightDiver at 11/5/2009 12:36:37 AM EST]
bobdec Champion Author Florida Posts:4,289 Points:840,600 Joined:May 2008	Message Posted: Nov 5, 2009 12:29:50 AM Ignore bobdec Report Abuse Don;t bet on it
skybiker Champion Author South Carolina Posts:3,340 Points:663,205 Joined:Jul 2008	Message Posted: Nov 5, 2009 12:26:09 AM Ignore skybiker Report Abuse Surprise me...I keep waiting for the bubble to burst....
TBONE3 Champion Author Pennsylvania Posts:3,900 Points:1,006,620 Joined:Mar 2005	Message Posted: Nov 5, 2009 12:24:58 AM Ignore TBONE3 Report Abuse We may have to credit Cash for Clunkers for the start of a possible turn around.
eddyp94 Champion Author Ontario Posts:4,176 Points:872,360 Joined:Mar 2008	Message Posted: Nov 5, 2009 12:17:44 AM Ignore eddyp94 Report Abuse the banks are starting to open up for loans...
hank1326 Champion Author Los Angeles Posts:4,111 Points:773,200 Joined:Jun 2008	Message Posted: Nov 5, 2009 12:17:39 AM Ignore hank1326 Report Abuse Ford is my hero. Cash for clunker was a major waste of our tax dollars.
MalibuGordie Champion Author California Posts:3,383 Points:628,740 Joined:Sep 2008	Message Posted: Nov 5, 2009 12:15:44 AM Ignore MalibuGordie Report Abuse The next challenge will be to sell cars without government intervention.
NHLiveFree Champion Author New Hampshire Posts:4,014 Points:670,570 Joined:Jun 2008	Message Posted: Nov 5, 2009 12:14:38 AM Ignore NHLiveFree Report Abuse And that's why they did the CARS program Blue Cruzer. "But there are ominous signs that could continue to drag down auto sales. The jobless rate hit a 26-year high of 9.8 percent in September and is expected to rise to 9.9 percent when the October rate is released Friday. Consumer confidence continued to deteriorate last month amid pessimism about future earnings and worries the economic climate would worsen in the next few months." When you are worried about layoffs, you don't purchase a new vehicle.
must87searcher Champion Author Maryland Posts:4,167 Points:812,725 Joined:Apr 2008	Message Posted: Nov 5, 2009 12:14:23 AM Ignore must87searcher Report Abuse It is good to know that waves are beginning to turn around in the business field. This could be very true for the employees.
biza4u Champion Author New Haven Posts:3,626 Points:660,430 Joined:Jan 2007	Message Posted: Nov 5, 2009 12:12:45 AM Ignore biza4u Report Abuse Ford making money cash for clunkers sold cars lets see if they can keep the mon=mentum going
Blue_Cruzer Champion Author Lexington Posts:3,013 Points:774,360 Joined:Mar 2007	Message Posted: Nov 5, 2009 12:09:55 AM Ignore Blue_Cruzer Report Abuse If they didn't have the cash for clunkers program, it would have been a BAD year.
Bus561 Champion Author Lexington Posts:11,497 Points:2,244,575 Joined:May 2004	Message Posted: Nov 5, 2009 12:07:08 AM Ignore Bus561 Report Abuse Just putting more people further in debt is all this is doing.
vulcan96 Champion Author Ohio Posts:17,949 Points:2,132,045 Joined:Aug 2004	Message Posted: Nov 5, 2009 12:06:30 AM Ignore vulcan96 Report Abuse cash for clunkers kinda skewed the results !
CobraLeader Champion Author New Jersey Posts:249,232 Points:1,137,650 Joined:Apr 2007	Message Posted: Nov 5, 2009 12:05:18 AM Ignore CobraLeader Report Abuse Look at the damage caused ...
abcdMA Champion Author Worcester Posts:3,148 Points:623,460 Joined:Nov 2008	Message Posted: Nov 4, 2009 11:58:21 PM Ignore abcdMA Report Abuse ok
pinkelefant Champion Author Los Angeles Posts:14,656 Points:1,753,935 Joined:Aug 2003	Message Posted: Nov 4, 2009 11:55:48 PM Ignore pinkelefant Report Abuse yes
96sc1 Champion Author El Paso Posts:5,577 Points:731,715 Joined:Mar 2008	Message Posted: Nov 4, 2009 11:53:11 PM Ignore 96sc1 Report Abuse Ford ... gained U.S. market share for the 12th time in 13 months! Excellent
bigreddwg Champion Author Tampa Posts:4,410 Points:908,620 Joined:Nov 2005	Message Posted: Nov 4, 2009 11:52:19 PM Ignore bigreddwg Report Abuse still won't buy till end of the year sales - too much costs right now!!
kcboy Champion Author Utah Posts:1,129 Points:822,615 Joined:Jun 2005	Message Posted: Nov 4, 2009 11:50:06 PM Ignore kcboy Report Abuse See many people on the lots. It should make a change.
Chitowner Champion Author Omaha Posts:2,066 Points:581,695 Joined:Jul 2007	Message Posted: Nov 4, 2009 11:44:24 PM Ignore Chitowner Report Abuse it is just the cash for clunkers program