CAR SALES IN AREA DRIVE THE INDUSTRY.Byline: Don Jergler Staff Writer Southern California's new and used car sales industry contributed nearly $25 billion last year to the region's economy, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an economic report to be released today by the Los Angeles County Economic Development Corp. The LAEDC LAEDC Los Angeles Economic Development Corporation LAEDC Louisiana Economic Development Council will report annual sales of new and used cars in the five- county area totaled $24.8 billion in 2001. Of that figure, $22.3 billion was by new-car dealers, according to the report that was timed with the opening of the California International Auto Show at the Anaheim Convention Center Anaheim Convention Center is a major convention center in Anaheim, California. It is located across from the Disneyland Resort on Katella Avenue. Much of the Anaheim Convention Center has been renovated in recent years with state-of-the-art facilities. that starts today and runs through Sunday. ``It may be presumptuous pre·sump·tu·ous adj. Going beyond what is right or proper; excessively forward. [Middle English, from Old French presumptueux, from Late Latin praes to label Southern California 'Motown West,' but the region's size, auto buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. and influence on design trends makes it a force to be reckoned with in the global auto industry,'' the report concluded. But it does note several areas in which the region leads the country in auto-making: --There are 16 auto-design studios in greater Southern California, with all major firms represented. They range from Audi/Volkswagen, BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. , Mercedes-Benz, GM, Honda, Nissan, Porsche to Ford, among others. --Consumer-oriented auto research was started by Agoura Hills-based J.D. Powers & Associates, and this activity has grown, with other local firms popping up, including NextTrend, a Thousand Oaks-based auto analyst. --There are 16 auto/light truck-oriented magazines based in Southern California, and their combined circulation is 6.7 million. There are also five auto-business publications based here. The report also shows there were 613 auto-manufacturing establishments in the region in 2000, employing more than 36,000 people. ``We do have a significant impact on the global auto industry,'' said Jack Kyser, senior vice president and chief economist of the LAEDC and one of the report's authors. ``There's a lot of auto money sloshing around the local economy.'' Another major local auto-industry organization is the Specialty Equipment Market Association in Diamond Bar that represents makers of automotive accessories. Los Angeles County is home to the North American operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. for Honda/Acura, Nissan/Infiniti and Toyota/Lexus, according to the report. |
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