Tradeshows and Events
The so called “Great Recession” which took place between late 2007 and the middle of 2009 was the largest financial crisis we’ve seen since the Great Depression in the 1930s. Many industries took a hit during the recession, but undoubtedly the auto industry was affected the most. The auto industry recession almost wiped out the United States automotive industry for good. However, a government bailout package saved the Big 3 automakers of GM, Ford and Chrysler, which allowed them to stay operating in the US.
There are many causes for the financial crisis of 2008, with the primary causes being credit was too easy to get a hold of, and the value of homes were inflating at a rapid pace. The price of homes eventually increased to the point where they “popped” like a bubble. Home prices rapidly decreased and many homeowners found themselves “underwater” in their mortgage – a condition that occurs when a homeowner owes more on their loan than their home is even worth. This led many people to lose their homes, and the unemployment rate skyrocketed.
Because people could no longer afford their homes and didn’t have jobs, the auto industry recession started in full force. People were unable to purchase new cars because they had no money, and they couldn’t secure credit to obtain a car loan because the requirements to obtain credit had tightened severely. Eventually GM and Chrysler were forced to declare bankruptcy and accept government loans so they could restructure and get back on their feet.
Impact on Overall Economy
The overall economy took a massive nosedive with the start of the auto industry recession. The profits of the major car manufacturers have long been a benchmark and economic indicator used by economists and government analysts for years to determine how well the economy is doing at large. When 2 of the big 3 auto makers had to declare bankruptcy, it scared many people because they thought the country was headed for another depression.
Thankfully the economy was able to turn around and so were the automakers. GM and Chrysler have repaid the majority of the money they borrowed from the government, and they are making profits again. The future is uncertain for the auto industry recession. Many experts speculate a second recession could strike at any time, which would surely doom the auto industry for a long time.
5-Time Land Speed Motorcycle Record Holder Valerie Thompson to Appear at SEMA Show with Martech Quality Air Breathing Systems
(Las Vegas, NV) – October 29, 2012 – Valerie Thompson, owner/driver of Valerie Thompson Racing (VTR), will be hosting autograph and photo opportunities at the Martech Services Company display (Booth 11133) at the upcoming SEMA show in Las Vegas from Oct. 30 – Nov. 3 from 11 am till 3 pm daily. She will also make appearances at the CTEK Battery Chargers (Booth 10419).
Thompson set 3 new land speed records this year with her Martech Services Company sponsored S1000RR, now one of the world’s fastest production land speed racing BMW Superbike after running a top speed of 209.5 mph at the Mojave Magnum event in June. Thompson now holds three land speed records in East Coast Timing Associations (ECTA) events and two records at the Bonneville Salt Flats BUB Speed Trials. Video: http://vimeo.com/50895131?action=share (more…)
Are you ready for this year’s Toronto International Snowmobile, ATV & Powersports Show? Well we are! On October 19, 20 & 21 – CTEK will be showing this year and we want you to come visit us!
The Toronto International Snowmobile, ATV & Powersports Show is all about having FUN and you will be entertained from the minute you walk into the Show. Meet your friends, tell tall tales, reminisce about last season’s best ride, buy a new Toy, book a trip, find the custom sled corner in the OSM booth, watch a snowmobile race or join the thousands of fans on hand to experience the thrill of the Freestyle Show.
No matter what reason you have for attending the ‘World’s Largest Snowmobile and ATV Show, we guarantee it will be worth the drive to get here. More displays featuring snowmobiles, ATVs, clothing, parts, accessories, trailers and more aftermarket Manufacturers and Distributors with more snowmobile and ATV related products on display than ever before.
This is a huge, quality ‘BUYING’ Show. So don’t be shy and step right up to some great savings. Visit any of the Exhibitors represented at the Show as they’re here to cater to you. They want to meet you and talk with you about their special products and services. Also on hand at the Toronto Snowmobile, ATV & Powersports Show is the 25,000 square foot Royal Distributing department store which is the largest exhibitor ever to grace the floors of the Toronto International Centre. We’re proud of this as they build this store every year just for you!
Check out the sponsors below:
Visit the Toronto International Snowmobile, ATV & Powersports website today to buy tickets and learn more about events that will be happening!
Hope to see you there!
CTEK is celebrating after taking home the Auto Express ‘Best Battery Charger’ award for the fourth year running.
Recognized not only for its build quality and charging & maintenance features, but also for its safety and durability, the CTEK MXS 3.6 retained its ‘Best Buy’ crown, with the CTEK MXS 5.0 close behind as ‘Recommended’.
Lead-acid batteries are becoming ever-more advanced and sensitive, being used more frequently and under more demanding conditions than ever before. As a result, battery care is a fast growing issue, particularly as life expectancy drops rapidly due to inadequate maintenance.
The MXS 5.0 offers a unique eight step-approach to battery care, available at the touch of a button, to ensure that any lead-acid battery is optimally conditioned, charged and maintained, indefinitely if required.
Not only do CTEK Smarter Battery Chargers work great on cars, trucks or SUVs, but they work on monster trucks too … if you’ve got one.
CTEK is happy to be a proud sponsor of the one and only, Backdraft, the baddest monster truck on the block. Be sure to check out Backdraft’s latest video below and check out Backdraft’s website at http://backdraftmt.com/. See you at the races!
Read the announcement from the Backdraft team below.
Backdraft Welcomes CTEK Battery Chargers; Strong Start in Trenton!
“Backdraft Enterprises continues to add to its list of great sponsors with help coming from CTEK Battery Chargers. We thank them for their great support!
The first weekend of the 2011 season started for Jeremy and Backdraft with three big shows in Trenton, New Jersey, and the 2010 Monster Jam Rising Star of the year made his presence felt immediately, placing second in freestyle at two of the three shows and tying for a victory at the other one. In addition, a final round appearance in racing backed up the all-around effort from Jeremy.
“I want to go to the World Finals in Las Vegas this year, and to get there on the biggest stage in the sport, I can’t let off in any contest, whether it’s wheelies, racing, freestyle, whatever,” he said. “I want to show companies like Whelen, FK Rod Ends, Alto Red Eagle, Butlerbuilt, and CTEK that they were right to have faith in me, and I also want to please our great fans!”
With a strong effort in the first weekend, Jeremy will look to build on his success at a huge televised show in Houston on January 22. We will keep you posted on his progress!”