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Sep 29, 2009 - Surprises (Or Not)

AR Index     611.54  +21.94  (+3.72%)

Stocks of individual interest
Toyota  80.63  -2.06
GM        0.71    -0.05
Ford      7.49   +0.66

Dow 9789.36  +10.50   (+0.11%)

First the "or not"... What a shock. They're talking about September auto sales being way down again. Did they really expect sales to continue at the flash-in-the-pan levels of Cash For Clunkers or that someone who bought a car in July was suddenly going to have the need to purchase another vehicle in September? At some point, car sales are going to have to stand on their own just like everything other widget that someone is trying to sell.

Now for the surprising... When I started the AR Index in April 2008, I never would have expected to come up with today's chart that seems to show that Ford is pretty much driving the direction of the Index.

Government "saves" GM, GM goes in the toilet. Ford doesn't take any bailout, they thrive. Hmm... imagine that!

2:59 am | Categories: ar index, automotive news Permalink | Alert Administrator

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