Technical Analysis on Sonic Automotive Inc. and Penske Automotive Group Inc. - Strong Sales for Auto Dealerships NEW YORK, NY -- (Marketwire) -- 11/12/12 -- Auto dealerships, such as Sonic Automotive Inc. and Penske Automotive Group Inc., faced challenging times during recession lows as consumers put off purchasing big ticket items for brighter times. It seems that those times may have arrived. So far in 2012, with around 12 million units, auto sales are up 13.8 percent compared to last year. Pent up demand, a record average age of cars on the road and low interest rates are helping to boost sales, which reached 1,090,000 vehicles in October, up 6.8 percent year-over-year. StBulls.com has initiated technical analysis on Sonic Automotive Inc. (NYSE: SAH) and Penske Automotive Group Inc. (NYSE: PAG) which serves the Auto Dealerships industry. These reports are free upon registration at http://www.stbulls.com/ www.StBulls.com enthuses to bring the best from the internet under one roof, providing you with a one click opportunity to view what the market and financial researchers globally have to say about any particular bellwether stocks in any given financial environment. We work with a number of financial professionals that use their acute knowledge to help you manage your understanding of the market. Join our community, please sign up at http://www.stbulls.com/ Although third quarter financial results show vehicle sales improvements, some hurdles remain. A number of industry players reported dips in revenues per vehicle and competition remains extremely intense with thousands of independent dealers and private individuals in the business. Read our technical analysis on Sonic Automotive by clicking on http://www.stbulls.com/SonicAutomotiveInc12112012.pdf Moreover, companies with a focus on used car sales have found their margins under pressure lately as manufacturers offer incentives and attractive pricing on new cars, thus reducing the appeal of used cars without lower prices. While challenges remain, the industry currently looks well positioned to finish 2012 on a high note. Our technical analysis on Penske Automotive Group can be accessed at http://www.stbulls.com/PenskeAutomotiveGroupInc12112012.pdf About Street Bulls STREET BULLS is committed to provide the investor community with sharp and timely trading and investing advice. Our aim is to help our readers achieve above-average returns from the markets and create wealth for themselves. Our newsletters and trading advice will provide investors with the information they need for success in today's volatile markets. To view our disclaimer, use this link http://www.stbulls.com/disclaimer.html. Contact Person: Martin Peters Marketing Consultant email@example.com
Technical Analysis on Sonic Automotive Inc. and Penske
Press spacebar to pause and continue. Press esc to stop.