Bulletins Live ? The automotive industry is rebounding from a bleak ...

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Saturday, January 28, 2012

BERWYN, Pa., Jan 25, 2012 (BUSINESS WIRE) ?
In 2009, sales and profits in the automotive industry were generally ?as
bleak as a burned forest,? according to the latest Sector Focus
commentary from Turner Investments. But the investment firm believes
better days may be ahead for automotive companies now running leaner,
more competitive businesses that are meeting pent-up consumer demands
for higher quality products.

Turner Investments, based in Berwyn, Pennsylvania, publishes Sector
Focus commentaries monthly as part of the continuing efforts of its
five teams of security analysts to monitor market sectors for its
growth-stock portfolios.

Titled Back from the brink: what?s driving a resurging automotive
industry, the piece was written by the five analysts who cover the
consumer sectors: Chris Baggini, senior portfolio manager/global
security analyst; Bill McVail, senior portfolio manager/global security
analyst; Halie O?Shea, portfolio manager/global security analyst; Jason
Schrotberger, senior portfolio manager/global security analyst; and Eric
Turner, global security analyst.

In the U.S., for instance, sales of new cars and light trucks are up
sharply since 2009, when they reached their lowest point since the Nixon
Administration. Sales climbed to 11.8 million units in 2010 and 12.8
million last year. The auto manufacturers predict sales will hit 13.5
million this year.

As sales increase, Turner?s consumer analysts believe the prospects
appear especially strong for seven companies: vehicle manufacturers
Honda Motor and Hyundai Motor; auto dealers Asbury Automotive Group and
Sonic Automotive; and automotive-parts makers BorgWarner, Harman
International Industries, and Tenneco.

To read this January 2012 Sector Focus in its entirety, click on
this link to the Turner Investments Web site:
http://www.turnerinvestments.com/SectorFocus .
Or call 484.329.2407 for a free copy of the piece.

?

The views expressed represent the opinions of Turner Investments and are
not intended as a forecast, a guarantee of future results, investment
recommendations, or an offer to buy or sell any securities. There can be
no guarantee that Turner will select and hold any particular security
for its client portfolios. Past performance is no guarantee of future
results.

Turner Investments, founded in 1990, is an investment firm based in
Berwyn, Pennsylvania. As of December 31, 2011, we managed more than $13
billion in stocks in separately managed accounts and mutual funds for
institutions and individuals.

As of December 31, 2011, Turner held in client accounts 398,740 shares
of Asbury Automotive Group, 378,579 shares of BorgWarner, 9,800 shares
of Honda Motor, 6,240 shares of Hyundai Motor, 1.2 million of Sonic
Automotive, and 672,840 shares of Tenneco. Turner held no shares of
Harman International Industries.

SOURCE: Turner Investments

Turner Investments
Abbi Anderson, 484-329-2407
aanderson@turnerinvestments.com

Copyright Business Wire 2012

Source: http://www.bulletinslive.com/?p=2071

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