Americans love gas hogging trucks - sales up 32% in Feb [View All]

[taught_me_patience]

while overall car sales were up 27%.

http://www.reuters.com/article/2011/03/02/us-auto-sales-idUSTRE7201A420110302

(Reuters) - U.S. auto sales surged by 27 percent in February, exceeding the most bullish analyst forecasts as the lure of discounts from automakers led by General Motors Co outweighed concerns about higher oil prices for car shoppers.

The February sales tally, which represents one of the first snapshots of U.S. consumer demand, was the strongest since August 2009 when the government's "cash for clunkers" credits spurred a short-lived boom at dealerships.

Auto executives attributed the unexpectedly large gains to both the lure of discounts -- including cheap lease deals -- along with improving consumer confidence and easier credit.


Sales of trucks, SUVs and other light trucks were up almost 32 percent in February despite the sharpest spike in gasoline prices at the pump since Hurricane Katrina in 2005.

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We really have ourselves to blame for surging oil prices.