Tanking sales and gloom hang over Detroit as its annual auto show begins this week. Maybe the worst is behind it. Last month the Bush administration, approved $17.4 billion in short term loans to Chrysler and General Motors.
GM and Ford are up 26% and 15% YTD respectively. Of course, that is after being down significantly over the past year and even more from their all time highs. Here is a comparison:
Ford :
- Up 14.85% YTD
- Down 60.75% in past 52 weeks
- Down 92.8% since high of $36.54 on 5/3/1999
GM :
- Up 25.94% YTD
- Down 84.07% in past 52 weeks
- Down 95.7% since high of $93.63 on 4/28/2000
Toyota :
- Up 1.67% YTD
- Down 37.59% in past 52 weeks
- Down 51.71% since high of $137.77 on 1/4/2007
Honda :
- Up 5.34% YTD
- Down 32.17% in past 52 weeks
- Down 44.87% since high of $40.78 on 2/14/2007
Goodyear Tire leads its peers in the auto and auto equipment sectors, up nearly 28% YTD. However, all is not positive for the automakers and their suppliers. Goldman Sachs added Harley Davidson to its conviction sell list. In the premarket the stock is down over 10%. Continue to the next page for a table of S&P 1500 automakers and suppliers and their recent performance.
