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GasBuddy News Article

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Roaring back

London Free Press -- Dealer incentives are enticing Canadians to buy bigger, more costly vehicles and recent new-vehicle sales are the highest in three years.
Hit hard by the economic meltdown two years ago, the North American auto industry quickly became a poster child for the recession.

But in Canada, at least, which unlike the U.S. is avoiding slippery slope of another recession, new vehicle sales in the last two months have been the highest in three years, clipping along now at a projected annual rate of 1.62 million.

At that rate, projected car sales this year would match pre-recession levels.


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Submitted Aug 31, 2010 By: CookieAcct
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OHMS
Champion Author Orange County

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Message Posted: Aug 31, 2010 2:18:45 PM

incentives got many people into the mess they are now in; those who fail to learn from history are doomed to repeat it.
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creeklin
Champion Author Ontario

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Message Posted: Aug 31, 2010 2:07:47 PM

bar1035 - lONDON ONTARIO CANADA is half way between Detroit Michigan and Toronto Ontario - Half a country and a whole Atlantic Ocean away from England -
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CookieAcct
Champion Author London

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Message Posted: Aug 31, 2010 8:46:32 AM


bar1035> What are you talking about? What does England have to do with car production and sales in North America?
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ggt49
All-Star Author Grand Rapids

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Message Posted: Aug 31, 2010 7:44:28 AM

I like rebounds! Keep it up!
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silverfox63
Champion Author Michigan

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Message Posted: Aug 31, 2010 7:30:22 AM

Some of these people will regret it in the long run, for our economy is back tracking badly right now.
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bar1035
Champion Author Charlotte

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Message Posted: Aug 31, 2010 7:26:56 AM

maybe they just don't know they are about to go into another recession like the US. It's not like anybody in England can see anything coming.
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ENORMS
Champion Author Colorado

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Message Posted: Aug 31, 2010 7:07:18 AM

Totally an amazing turn-around.
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