Auto Parts on Sale
Share prices in the auto parts industry have settled down a bit, due, in some measure, to the uptick in new-car sales over the past couple of years. New-car sales plunged during the recession and will likely never recover to pre-recession levels anytime soon. Since credit has eased up, however, financing a new vehicle has become simpler. Also, desperate to sell you a new car, automotive dealerships are stopping at nothing with respect to rebates and promotions.
Even as new-car sales improve, however, consumers are generally keeping cars longer, and when it's time to replace an automobile, many prefer to buy a newer used vehicle. In 2011 the average age of the U.S. automobile reached an all-time high of 10.8 years, up from 10.6 years in 2010 and following an upward trend that began in 1995 when the average age was 8.4 years....255 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.