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June auto sales are rebounding quickly enough, J.D. Power says, that the firm now sees a...

June auto sales are rebounding quickly enough, J.D. Power says, that the firm now sees a seasonally adjusted annual rate (SAAR) of 9.9M vehicles, up from May's 9.3M and tied to a retail sales recovery. Neither a parts shortage nor gas prices have turned out as bad as expected. GM -0.4%; F -1.4%; FIATY.PK -4.1%; TM +0.6%; HMC +1.7%.
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Comments (3)
  • Nancy Lewine
    , contributor
    Comments (32) | Send Message
     
    With the auto prices I saw car shopping this past weekend, I'd say they are doing okay! Even the leasing that has returned to the auto credit market wasn't as sweet as what is advertised on television. (Of course). Someone has the money to buy/lease if they are putting up good numbers!
    24 Jun 2011, 12:10 PM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
     
    Nancy - Used car prices are absurd so you might as well buy new.
    Ebay Motors just sold a 2010 Honda Civic XL-S for 20.5K.
    It sold new 18 months ago for 19,500. Trucks are even worse if you are looking for an economy model. For Tens of thousands of cars and trucks lost in the tornadoes, for those needing to replace them, that turned out to be a double whammy.
    24 Jun 2011, 12:20 PM Reply Like
  • Nancy Lewine
    , contributor
    Comments (32) | Send Message
     
    I agree. It's been like that for a few years now. I had trouble tracking down a decent used car for my son two years ago. They were flying off of the lots and the new car inventory was almost non-existent! At least there are new cars available...even at the higher prices.
    24 Jun 2011, 12:31 PM Reply Like
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