After a tough 2007, it would be hard to believe that a domestic car company could have a 13% drop in January sales. GM (NYSE: GM) did just that. The stock is so low, it dropped only a fraction to $23.20. The shares now change hands for .07x sales.
Over at Ford (NYSE: F) the news was only slightly less bad. Sales dropped 7% to 196,681. Truck units dropped 6% and cars 9%. Ford’s shareholders at least had the clarity of thought to sell pushing the shares down over 5% to $6.18.
Toyota (TM) sales dropped almost 3% to 182,169. Shares in the largest Japanese car company moved up a small fraction.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
