SOURCE: Rothman Research

Rothman Research

August 23, 2010 08:49 ET

Analyst Research on CarMax and Penske Automotive Group - Car Sales Boost Profits for Auto Dealers

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 23, 2010) -  www.RothmanResearch.com probes the current macroeconomic environments pressuring the auto dealerships industry in light of a slow-paced economic recovery and offers members methodical research on CarMax Inc. (NYSE: KMX) and Penske Automotive Group Inc. (NYSE: PAG). Register for a free membership now on www.rothmanresearch.com to have full access to these complimentary reports and more.

Relaxed credit and a less competitive market place have proven beneficial to auto dealerships recently. With the huge number of auto dealerships closing down in 2009 (approximately 8%) closures have slowed down this year, and are predicted to be around 2-3% as supply and demand issues seem to be sorting themselves out.

www.rothmanresearch.com is a source for investors seeking free information on the auto dealerships industry; investors and shareholders of CarMax Inc. and Penske Automotive Group Inc. are encouraged to sign up for free at http://www.rothmanresearch.com/index.php?id=6&name=Register.

The decline in dealerships and mini revival of the economy has helped an ailing industry become profitable again. Sales for the industry were up over 6% compared to last month, as dealers and customers have seen that the economy does not seem poised to fall back to recession levels. Back in June, CarMax Inc. reported its earnings with profits sky-rocketing by 252.3% to $101.1 million as the used car dealer experienced a sales surge of 27.8%. Penske Automotive Group Inc. which reported its earnings at the end of July saw its profits jumped to $29.4 million on the back of strong new vehicles sales. The company's sales have increased by 17% between January and June 2010. www.rothmanresearch.com provides technical analysis and free downloadable research reports on CarMax Inc. and Penske Automotive Group Inc. by signing up now at

http://www.rothmanresearch.com/article/kmx/23881/Aug-23-2010.html or

http://www.rothmanresearch.com/article/pag/23882/Aug-23-2010.html

The Nation Automobile Dealers Association has also taken steps to ensure it does not get bogged down in the new financial reform law. Lobbyists for the association spent over 1 million dollars in the second quarter, but have emerged victorious. With the new legislation threatening untold implications, their efforts to keep auto lending out of it is positive for the industry.
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