SOURCE: Rothman Research

Rothman Research

August 23, 2010 08:46 ET

Analytical Reports on AutoNation and Sonic Automotive - Car Sales Have Boosted Confidence in the Industry

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 23, 2010) -   www.RothmanResearch.com studies the market environment influencing investors' trading decisions on the auto dealerships major players in recent time providing in depth research on AutoNation Inc. (NYSE: AN) and Sonic Automotive Inc. (NYSE: SAH). Register for a free membership today on www.rothmanresearch.com to have complete 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 AutoNation Inc., Sonic Automotive Inc. and other companies in this industry 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. AutoNation Inc. reported a surge of 22% in the sales of new vehicles for July as compared to June, whilst Sonic Automotive Inc. saw its second quarter sales increase by 21% as compared to 2009. www.rothmanresearch.com provides technical analysis and free downloadable research reports on AutoNation Inc. and Sonic Automotive Inc. by signing up now at

http://www.rothmanresearch.com/article/an/23879/Aug-23-2010.html or

http://www.rothmanresearch.com/article/sah/23880/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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