Thu, 05/28/2009 - 10:47
STORYBOOK: With the final charge pending against him dropped on Friday, Helio Castroneves wrote the final chapter in his unlikely return from tax-evasion charges, by winning his third Indianapolis 500 on Sunday at the Indianapolis Motor Speedway. Castroneves earned a record $3,048,005 for winning the 93rd Indy 500.

RAIN MAN: David Reutimann collected his first NASCAR Sprint Cup victory in Monday’s rain-shortened version of the 50th annual Coca-Cola 600 at Lowe’s Motor Speedway.

SEPARATE VIEWS: One year ago, Humpy Wheeler retired as General Manager of Lowe’s Motor Speedway. Now thanks to Wheeler’s former boss, Speedway Motorsports Inc. Chairman Bruton Smith, speaking out, the two are embroiled in a nasty case of he-said-he-said in terms of how Wheeler’s departure from the track came about.

DIED: Popular open-wheel racer turned broadcaster Larry Rice died of cancer at age 63. Longtime racing official Gordon Betz passed on at age 91.

HALL OF FAME: The National Sprint Car Hall of Fame will induct 13 members this Saturday at its facility in Knoxville, Iowa. Those inductees are: Fred Rahmer, Jac Haudenschild, Rip Williams, Roger Rager, Jackie Holmes, Lee Osborne, Cavino M. Petillo, Jack Elam, Lee Elkins, Louis Senter, Allan Brown, Jim Chini and Tommy Nicholson.

MORE RACES:
After a fifth-place finish in a third Penske Racing car at the Indianapolis 500, Australian Will Power is expected to get a ride for additional races this season. Paul Tracy has also picked up an additional two races with KV Racing Technology.

STILL ON TOP: With his fifth victory in six races this season Sunday at the Grand Prix of Monaco, Jenson Button remained at the top of the National Speed Sport News Power Rankings, which rates drivers from all auto-racing disciplines. The rankings appear weekly in America’s Motorsports Authority.

SUBSCRIBE: National Speed Sport News has been published weekly since 1934. Subscribe to National Speed Sport News for a special industry rate.
Thu, 05/28/2009 - 10:47
Photo collection of the Volkwagen project vehicles from the 2008 SEMA Show.
Thu, 05/28/2009 - 10:47
 PAACE Show Floor
 The 2009 PAACE Automechanika Mexico is set for July 15–17, in Mexico City.

PAACE Automechanika Mexico is the most important automotive trade show in Mexico and Latin America. Held annually in Mexico City, the event draws more than 18,000 attendees in the automotive industry and features more than 500 exhibitors. The 2009 show will take place July 15–17.

For more information, contact Linda Spencer or visit www.paaceautomechanika.com.

Thu, 05/28/2009 - 10:47
 PAACE Show Floor
 The 2009 PAACE Automechanika Mexico is set for July 15–17, in Mexico City.

PAACE Automechanika Mexico is the most important automotive trade show in Mexico and Latin America. Held annually in Mexico City, the event draws more than 18,000 attendees in the automotive industry and features more than 500 exhibitors. The 2009 show will take place July 15–17.

For more information, contact Linda Spencer or visit www.paaceautomechanika.com.

Thu, 05/28/2009 - 10:47
 PAACE Show Floor
 The 2009 PAACE Automechanika Mexico is set for July 15–17, in Mexico City.

PAACE Automechanika Mexico is the most important automotive trade show in Mexico and Latin America. Held annually in Mexico City, the event draws more than 18,000 attendees in the automotive industry and features more than 500 exhibitors. The 2009 show will take place July 15–17.

For more information, contact Linda Spencer or visit www.paaceautomechanika.com.

Thu, 05/28/2009 - 10:47
 Germany Best Selling Vehicles

The best-selling passenger vehicles in Germany in 2008 included the Ford Focus (the European version coming to the United States starting with the 2011 edition) as well as two Opel makes—the GM owned German subsidiary—with the Opel Astra (available in the United States as the German-built, Saturn-labeled Astra) and the Opel Corsa (this super-mini is sold under a number of brands, including Vauxhall, Chevrolet and Holden).

The market leader, by a long shot, is the VW Golf with more than 173,000 sold, nearly double the next best-selling passenger vehicle—the Audi A4.

German brands also captured the lion’s share of the SUV market in Germany in 2008 with the six slots taken by the following German brands: VW with the Tiguan and the Touareg, BMWs X3 and X5 with Mercedes and Audi rounding out the most popular makes with the M class and Q7, respectively.

Asian makes captured the remaining four top slots with the Japanese makes Toyota, Honda and Suzuki each grabbing a slot and Hyundai’s Tucson rounding out the top 10.

Best Selling SUVs in Germany
 

Additional information on the top-selling passenger cars, SUVs, minivans and pickups in Germany for 2008 is now available online at www.sema.org/international.

Thu, 05/28/2009 - 10:47
 Germany Best Selling Vehicles

The best-selling passenger vehicles in Germany in 2008 included the Ford Focus (the European version coming to the United States starting with the 2011 edition) as well as two Opel makes—the GM owned German subsidiary—with the Opel Astra (available in the United States as the German-built, Saturn-labeled Astra) and the Opel Corsa (this super-mini is sold under a number of brands, including Vauxhall, Chevrolet and Holden).

The market leader, by a long shot, is the VW Golf with more than 173,000 sold, nearly double the next best-selling passenger vehicle—the Audi A4.

German brands also captured the lion’s share of the SUV market in Germany in 2008 with the six slots taken by the following German brands: VW with the Tiguan and the Touareg, BMWs X3 and X5 with Mercedes and Audi rounding out the most popular makes with the M class and Q7, respectively.

Asian makes captured the remaining four top slots with the Japanese makes Toyota, Honda and Suzuki each grabbing a slot and Hyundai’s Tucson rounding out the top 10.

Best Selling SUVs in Germany
 

Additional information on the top-selling passenger cars, SUVs, minivans and pickups in Germany for 2008 is now available online at www.sema.org/international.

Thu, 05/28/2009 - 10:47
  CrystalCare headlight restoration kit
 Creative Material Technologies displayed their CrystalCare headlight restoration kit, a product that do-it-yourselfers might be attracted to at the 2009 SEMA Show.

It turns out that headlights, spark plugs and plant seed have something in common: sales actually have the potential to go up during a recession.

Companies looking to make their businesses recession-proof might find success by working with the crisis rather than fighting it. Some consumer goods are booming, and if they act as market indicators, they might shed light on solutions for the specialty-equipment industry.

Chocolate, gardening seed and lipstick are flying off the shelf. Consumer spending has a predictable and cyclical shift when recessions loom, and the same reactions to previous economic downturns are happening again. They usually do. Some products fall under a comedic, yet very real economic theory of consumer behavior known as the "lipstick effect."

First coined after the Great Depression, economic analysts noticed the inverse correlation between economic growth and cosmetic sales. In other words, as people began to lose discretionary income, their spending on smaller luxuries or "feel-good" indulgences skyrocketed. Consumers begin cutting back on big-ticket items and purchasing low-cost items for instant satisfaction.

Sales of comfort foods loosely fall under the same principles. USAToday highlights some of 2009's early winners. For the first part of the year, profits for Hershey rose 20%, Kraft Foods earned double-digit growth in macaroni and cheese sales and Hormel saw a 6% increase due in part to their Spam brand and chili.

Some of the cause is financial, but the impetus for change is also psychological. These are small victories in the minds of consumers and play a significant role in emotional security.

Household repairs are echoing the sentiment. Home-repair giant Lowe's recently reported growth in items aimed at assertive do-it-yourselfers (DIY), mainly gardening, paint and plumbing products. Robert Nilbock, the company's CEO, outlined the situation to reporters in a conference call.

"Through the late '90s and in the first half of this decade we experienced significant growth of the DIFM or "Do It for Me" segment of our business. Consumers had the cash, but not the time nor the inclination to take on many projects around the house. Throughout this downturn, they've increasingly become more disciplined in their spending."

Do-it-yourself projects are on the rise as people spend more time at home. Lowe's surveyed homeowners and found that saving money was only part of the reason for the shift. Their results revealed that "32% of DIY-ers cite 'pleasure' as the reason they're planning a project, while 35% say it's to save on total project costs," according to MSN Money.


This effect is also permeating the automotive industry. Advanced Auto Parts has reported continued annual growth with the do-it-yourself crowd, even disclosing a 13% increase in first-quarter profits for 2009, according to the Roanoke Times.

Company executives site the current economic crisis as being a chief catalyst and a market driver for the DIY swell. Vehicle owners remain hesitant to purchase newer models and are spending more on maintenance and repairs, meaning opportunities for specialty-equipment manufacturers and retailers to not only sell parts associated with these repairs, but also to up-sell into high-performance products and accessories.

The latent behavior of consumers can be a hidden gem of the economic crisis. Consumers are reactive to financial pressures and many would enjoy a hands-on approach if given the opportunity or knowledge of how to participate. As more consumers take control of their vehicle maintenance, it can be an opportunity to expose them to the automotive hobby and take them beyond simple repairs into more advanced modifications.

By learning how easy and quick some parts can be to exchange, vehicle owners might become more familiar with their vehicle's performance. When the economy turns around, they’ll be more willing and prepared to engage higher-end modifications. In the interim, manufacturers and retailers can establish this culture by creating more installation guides and workshops, clear and easy-to-read how-to manuals, video tutorials and other techniques for resolving the uncertainty and confusion that many motorists now feel.

Fuel pumps, alternators, headlights, wiper blades and spark plugs could be the gateway parts for future sales and a larger enthusiast base. — SEMA Research & Information Center

Thu, 05/28/2009 - 10:47
  CrystalCare headlight restoration kit
 Creative Material Technologies displayed their CrystalCare headlight restoration kit, a product that do-it-yourselfers might be attracted to at the 2009 SEMA Show.

It turns out that headlights, spark plugs and plant seed have something in common: sales actually have the potential to go up during a recession.

Companies looking to make their businesses recession-proof might find success by working with the crisis rather than fighting it. Some consumer goods are booming, and if they act as market indicators, they might shed light on solutions for the specialty-equipment industry.

Chocolate, gardening seed and lipstick are flying off the shelf. Consumer spending has a predictable and cyclical shift when recessions loom, and the same reactions to previous economic downturns are happening again. They usually do. Some products fall under a comedic, yet very real economic theory of consumer behavior known as the "lipstick effect."

First coined after the Great Depression, economic analysts noticed the inverse correlation between economic growth and cosmetic sales. In other words, as people began to lose discretionary income, their spending on smaller luxuries or "feel-good" indulgences skyrocketed. Consumers begin cutting back on big-ticket items and purchasing low-cost items for instant satisfaction.

Sales of comfort foods loosely fall under the same principles. USAToday highlights some of 2009's early winners. For the first part of the year, profits for Hershey rose 20%, Kraft Foods earned double-digit growth in macaroni and cheese sales and Hormel saw a 6% increase due in part to their Spam brand and chili.

Some of the cause is financial, but the impetus for change is also psychological. These are small victories in the minds of consumers and play a significant role in emotional security.

Household repairs are echoing the sentiment. Home-repair giant Lowe's recently reported growth in items aimed at assertive do-it-yourselfers (DIY), mainly gardening, paint and plumbing products. Robert Nilbock, the company's CEO, outlined the situation to reporters in a conference call.

"Through the late '90s and in the first half of this decade we experienced significant growth of the DIFM or "Do It for Me" segment of our business. Consumers had the cash, but not the time nor the inclination to take on many projects around the house. Throughout this downturn, they've increasingly become more disciplined in their spending."

Do-it-yourself projects are on the rise as people spend more time at home. Lowe's surveyed homeowners and found that saving money was only part of the reason for the shift. Their results revealed that "32% of DIY-ers cite 'pleasure' as the reason they're planning a project, while 35% say it's to save on total project costs," according to MSN Money.


This effect is also permeating the automotive industry. Advanced Auto Parts has reported continued annual growth with the do-it-yourself crowd, even disclosing a 13% increase in first-quarter profits for 2009, according to the Roanoke Times.

Company executives site the current economic crisis as being a chief catalyst and a market driver for the DIY swell. Vehicle owners remain hesitant to purchase newer models and are spending more on maintenance and repairs, meaning opportunities for specialty-equipment manufacturers and retailers to not only sell parts associated with these repairs, but also to up-sell into high-performance products and accessories.

The latent behavior of consumers can be a hidden gem of the economic crisis. Consumers are reactive to financial pressures and many would enjoy a hands-on approach if given the opportunity or knowledge of how to participate. As more consumers take control of their vehicle maintenance, it can be an opportunity to expose them to the automotive hobby and take them beyond simple repairs into more advanced modifications.

By learning how easy and quick some parts can be to exchange, vehicle owners might become more familiar with their vehicle's performance. When the economy turns around, they’ll be more willing and prepared to engage higher-end modifications. In the interim, manufacturers and retailers can establish this culture by creating more installation guides and workshops, clear and easy-to-read how-to manuals, video tutorials and other techniques for resolving the uncertainty and confusion that many motorists now feel.

Fuel pumps, alternators, headlights, wiper blades and spark plugs could be the gateway parts for future sales and a larger enthusiast base. — SEMA Research & Information Center

Thu, 05/28/2009 - 10:47
  CrystalCare headlight restoration kit
 Creative Material Technologies displayed their CrystalCare headlight restoration kit, a product that do-it-yourselfers might be attracted to at the 2009 SEMA Show.

It turns out that headlights, spark plugs and plant seed have something in common: sales actually have the potential to go up during a recession.

Companies looking to make their businesses recession-proof might find success by working with the crisis rather than fighting it. Some consumer goods are booming, and if they act as market indicators, they might shed light on solutions for the specialty-equipment industry.

Chocolate, gardening seed and lipstick are flying off the shelf. Consumer spending has a predictable and cyclical shift when recessions loom, and the same reactions to previous economic downturns are happening again. They usually do. Some products fall under a comedic, yet very real economic theory of consumer behavior known as the "lipstick effect."

First coined after the Great Depression, economic analysts noticed the inverse correlation between economic growth and cosmetic sales. In other words, as people began to lose discretionary income, their spending on smaller luxuries or "feel-good" indulgences skyrocketed. Consumers begin cutting back on big-ticket items and purchasing low-cost items for instant satisfaction.

Sales of comfort foods loosely fall under the same principles. USAToday highlights some of 2009's early winners. For the first part of the year, profits for Hershey rose 20%, Kraft Foods earned double-digit growth in macaroni and cheese sales and Hormel saw a 6% increase due in part to their Spam brand and chili.

Some of the cause is financial, but the impetus for change is also psychological. These are small victories in the minds of consumers and play a significant role in emotional security.

Household repairs are echoing the sentiment. Home-repair giant Lowe's recently reported growth in items aimed at assertive do-it-yourselfers (DIY), mainly gardening, paint and plumbing products. Robert Nilbock, the company's CEO, outlined the situation to reporters in a conference call.

"Through the late '90s and in the first half of this decade we experienced significant growth of the DIFM or "Do It for Me" segment of our business. Consumers had the cash, but not the time nor the inclination to take on many projects around the house. Throughout this downturn, they've increasingly become more disciplined in their spending."

Do-it-yourself projects are on the rise as people spend more time at home. Lowe's surveyed homeowners and found that saving money was only part of the reason for the shift. Their results revealed that "32% of DIY-ers cite 'pleasure' as the reason they're planning a project, while 35% say it's to save on total project costs," according to MSN Money.


This effect is also permeating the automotive industry. Advanced Auto Parts has reported continued annual growth with the do-it-yourself crowd, even disclosing a 13% increase in first-quarter profits for 2009, according to the Roanoke Times.

Company executives site the current economic crisis as being a chief catalyst and a market driver for the DIY swell. Vehicle owners remain hesitant to purchase newer models and are spending more on maintenance and repairs, meaning opportunities for specialty-equipment manufacturers and retailers to not only sell parts associated with these repairs, but also to up-sell into high-performance products and accessories.

The latent behavior of consumers can be a hidden gem of the economic crisis. Consumers are reactive to financial pressures and many would enjoy a hands-on approach if given the opportunity or knowledge of how to participate. As more consumers take control of their vehicle maintenance, it can be an opportunity to expose them to the automotive hobby and take them beyond simple repairs into more advanced modifications.

By learning how easy and quick some parts can be to exchange, vehicle owners might become more familiar with their vehicle's performance. When the economy turns around, they’ll be more willing and prepared to engage higher-end modifications. In the interim, manufacturers and retailers can establish this culture by creating more installation guides and workshops, clear and easy-to-read how-to manuals, video tutorials and other techniques for resolving the uncertainty and confusion that many motorists now feel.

Fuel pumps, alternators, headlights, wiper blades and spark plugs could be the gateway parts for future sales and a larger enthusiast base. — SEMA Research & Information Center