Edmunds.com CEO Addresses TOWN HALL LA on What's Next for the Auto Industry
LOS ANGELES, CA. -- November 2, 2010 -- Jeremy P. Anwyl, Chief Executive Officer of Edmunds.com Inc. will address TOWN HALL Los Angeles on the future of the auto industry, including the highlights of the upcoming LA auto show. Anwyl's presentation will take place on Wednesday, November 10, 2010 at Shutters on the Beach in Santa Monica.
It is one of the worst years of auto sales in decades, but according to industry statistics California auto sales are rebounding from the recession at a faster pace than most of the country. Said Anwyl, "Something that has not been acknowledged is the fact that this is the first widespread economic downturn in the Internet era...The volume and breadth of 24/7 inflated negativity assaulting the consumer from all sides is overwhelming and unprecedented."
Anwyl also commented on the new safety ratings announced by the National Highway Traffic Safety Administration, "I apparently think about ratings very differently than NHSTA. The promotional materials produced by the agency make it clear that the primary objective of the new system was to push car companies to make 'safer' vehicles. My focus would be to develop ratings that are meaningful and useful to consumers. This would indirectly pressure car companies to make safer vehicles, but it would be an outcome, not an objective."
And on industry investment, specifically Tesla Motors, Anwyl said, "Even if this doesn't turn out well for investors it's good for the country that Tesla has gotten so much attention for its innovative efforts."
Having first gone online in 1994 as the first automotive Web site, Edmunds.com was ranked No. 1 on the Wall Street Journal's Survey of Car Shopping Web Sites and now also publishes InsideLine.com, CarSpace.com, and AutoObserver. Anwyl has been a top executive at Edmunds.com since 2000.
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When: Wednesday, November 10, 2010 12:00 PM Luncheon Address with Q&A
Where: Shutters on the Beach One Pico Boulevard Santa Monica, CA 90405
Tickets $52 - 65, Call 213.628.8141 or visit:
About Edmunds.com, Inc. (http://www.edmunds.com/about/)
Edmunds.com Inc. publishes four Web sites that empower, engage and educate automotive consumers, enthusiasts and insiders. Edmunds.com, the premier online resource for automotive information, launched in 1995 as the first automotive information Web site. Its mobile site, accessible from any smartphone at www.edmunds.com, makes car pricing and other research tools available for car shoppers at dealerships and otherwise on the go. InsideLine.com is the most-read automotive enthusiast Web site. Its mobile site, accessible from any smartphone at www.insideline.com, features the wireless Web's highest quality car photos and videos. CarSpace is the most established automotive social networking Web site. AutoObserver.com provides insightful automotive industry commentary and analysis. Edmunds.com Inc. is headquartered in Santa Monica, California, and maintains a satellite office in suburban Detroit. Follow Edmunds.com on Twitter@edmunds and fan Edmunds.com on Facebook at http://www.facebook.com/edmunds.