[an error occurred while processing this directive]
Current Issue
Ad Index
AutoInc. Archive
How to Contribute
Reprint Permission
Subscription Info
Letters to the Editor
Top 10 Web Sites
Software Guide
NACE Online Daily News
How's Your Business?
Ad Opporunities
Media Planner
AutoInc. Mission
Meet Our Staff
  Stat Corner

Value of GM Vs. Toyota Brings It Home

Posted 8/1/2008
By Karin White

In the automotive sales world, you could call the month of June dismal. Consider the numbers. Sales for Chrysler LLC, which is privately owned, were down 36 percent from June 2007. Nissan North America reported its sales were down 17.7 percent from last June. General Motors Corp. reported more of the same - its June sales fell 18.5 percent from the same month a year ago.

Reporting in the L.A. Times, writer Ken Bensinger summed up the financial value of GM this way: When the selling was over, the stock price of GM, the nation's largest automaker, stood at $11.43 - a decline of $1.38 or 11 percent. With a market capitalization of $6.47 billion, it would take 23 GMs to equal the $148.8-billion valuation of Japanese rival Toyota Motor Corp.

An interesting comparison to picture, we thought.

What's the silver lining with all of this? The decline in sales indicates more consumers are keeping their current cars longer and, hopefully, having them serviced. Independent shops should benefit.

Karin White Stat Corner is written by Karin White, ASA's research and project specialist. She can be reached at (800) 272-7467, ext. 252, or by e-mail at karinw@asashop.org.


[an error occurred while processing this directive]


[an error occurred while processing this directive]

AutoInc. Web Site | ASA Web Site | Federal Insurance Regulation Gets Boost from Academia | Dangerous Waters: Surviving the Rapids of Employment Compensation | What Is Telematics? How Will It Affect My Business? | Crank Up Customer Outreach in Tough Economic Times | Guest Editorial | Tech to Tech | Tech Tips | Around ASA | Shop Profile | Net Worth | Stat Corner | Members' Advantage | Chairman's Message

[an error occurred while processing this directive]