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There is some leadership too in some of the defensive groups, the auto replacement-part stocks, AutoZone ( AZO) and Monro Muffler ( MNRO) to name two.
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For years Goodyear had chased volume, selling low-margin tires to auto manufacturers and replacement tires to the middle of the market.
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The reunited group -- with a replacement for Lopes, who died in a 2002 auto accident in Honduras -- will also tour to support the release of a new album, which includes two new singles.
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The auto industry now looks for a 15.5 million car year, largely based on replacement demand and the low cost of carry.
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This assumption was based on the stable underpinnings of auto demand--cheap financing by car companies (and by home equity loans) and a customary replacement cycle of three years.
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