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February 2, 2008

Sputtering auto sales in January reflect weak US economy

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The News Review:

- Sputtering auto sales in January reflect weak US economy
- SportingNews.com – Your expert source for NASCAR Auto Racing stats…
- January auto sales close in on record
- Auto stir evokes poor response
- Auto parts industry going to pieces
- Advance Auto’s ads aim at super audience

Sputtering auto sales in January reflect weak US economy
Channel News Asia – Feb 2, 2008
Overall sales in the US market totaled 1043947 vehicles for the month down 4. 3 percent from January 2007 according to market research firm Autodata Corp’s monthly tally. “Sales are soft as you would expect in an environment where the US economy has basically stalled” said Dana Johnson chief economist at Detroit-based Comerica Bank. “Auto sales are cyclically sensitive and they’re likely to remain soft for several months reflecting the weak environment.

SportingNews.com – Your expert source for NASCAR Auto Racing stats…
SportingNews.com – Feb 2, 2008
His fresh-faced appearance makes him seem even younger as if he just arrived home from summer camp. however Sorenson is more like Father Time.

January auto sales close in on record
Toronto Star – Feb 2, 2008
Tony Van Alphen Business Reporter Auto shoppers bucked recession talk in Canada last month with a flurry that almost set a record for vehicle sales. Sales and leases of new cars and light trucks jumped 12. 8 per cent or more than 11600 vehicles to 102831 during January in comparison to the same 2007 period manufacturers reported yesterday. It marked the second highest January on record for auto sales. The industry set the record for the month in 2002 when sales shot up to more than 110000.

Auto stir evokes poor response
Hindu – Feb 2, 2008
The strike call was made demanding for an increase in the minimum fare from Rs. The committee convener Mohammed Amanullah Khan tendered his resignation as fellow auto union leaders refused to extend support to him following an assurance from Transport Commissioner Poonam Malakondaiah on organising a meeting with the Transport Minister Kanna Lakshminarayana within 15 days to resolve the issue.
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Auto parts industry going to pieces
Economic Times – Feb 2, 2008
Million-dollar acquisition stories. Bulge-wallet reserves. India?s autocomponent companies never had it so good right? Well not exactly. Behind thedeal frenzy and sourcing saga there?s an alternative reality ? ofmargin squeeze competitive pressure and search for scale.
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Advance Auto’s ads aim at super audience
Roanoke Times – Feb 2, 2008
A turning wrench is the only sound. “Whatever you’re working on Advance’ll help you keep the wheels turning. Advance Auto Parts is promoting a new message on one of the largest television-watching days of the year — Super Bowl Sunday. During this super-ratings football game when national advertisers like PepsiCo Victoria’s Secret and Budweiser will snatch up what is perhaps the year’s most expensive commercial spots some Roanoke Valley and regional companies also will take the spotlight. But these ads won’t reach the more than 90 million viewers nationwide that the Super Bowl is expected to draw. In the case of Roanoke-based Advance its commercials will air only in the Roanoke Valley and Lynchburg markets for the Super Bowl. Two will be aired during the pregame and one during the game… “It’s a high demand product because the audience is there” Sullivan said. Last year WDBJ-7 signed on three local companies for commercials during the Super Bowl. They were a local law firm an auto dealership and the Myrtle Beach (S. ) Chamber of Commerce Sullivan said. Advance has revealed that it is among them.

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