March 25, 2011
-- The car business is great evidence that the economy is pulling out of the recession. Local car dealer Bob Preston points out that his company, the Preston Auto Group, is experiencing some of their best sales volume ever, "Our sales numbers for the first quarters of 2011 have exceeded our good, pre-recession numbers." Preston is optimistic with great product and rising fuel prices, 2011 should end just as strongly as it has begun.
However, the Japan earthquake and typhoon present a major set back to the automotive sector and the economy as whole. Preston elaborates, "Japan not only produces millions of vehicles that are sold in the United States such as Toyotas and Hondas, but they also produce parts that are even in domestic vehicles." Estimated costs of the natural disasters are estimated to be $235 billion not only the direct destruction, but also in the set back in production.
The costs are much more than dollars in cents however as nearly 27,000 people are dead or missing. "Our thoughts and prayers go out to those families with lost loved ones," says Shane Lanigan General Manager and Partner at Preston Toyota of Boardman. Preston Toyota and Toyota of Boardman have each contributed $5,000 to the American Red Cross for the Japan relief and recovery efforts. "Funds and help are needed for these people to piece their lives back together. This contribution is the least we could have done and we hope that it goes a long way."
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Preston Auto serves the greater Pittsburgh, Cleveland, Akron, and Youngstown communities selling Toyota, Honda, Hyundai, BMW, Buick, GMC, Cadillac, Ford, and Lincolns. Plus Preston has over 400 used and certified pre-owneds available at prestonauto.com.