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This week Thomas Weisel Partners hosted an investor conference in New York. It provides a great opportunity for a number of the leading auto retail companies to present at a single event. Yesterday I talked about Asbury and Lithia's presentations. Today, I wanted to share with you some important quotes I gleaned (via webcast) from the management teams at Penske Automtoive, Sonic and US Auto Parts. One thing I noticed throughout all of the presentations (both days) was the overwhelming emphasis by all the management teams on utilizing the internet better. If a management team is not talking (excessively) about their internet strategy. I am starting to come to the conclusion that they might not be a great investment. I've u
... To view the entire article: Related Companies: Advance Auto Parts Asbury Auto AutoZone CSK Auto Parts Genuine Parts Corporation Lithia Motors Penske Automotive Group (formerly UnitedAuto) Sonic Automotive U.S. Auto Parts
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