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Survivors of Auto Dealers in Focus this Week.

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July 26, 2010 – Comments (0) | RELATED TICKERS: SONC , PAG , ABG

Last week AN Auto Nation proved that the survivoring auto dealers took customers from the dealers that closed down by GM & Chrysler. This week we got another round of Dealers reporting.

Surviving Auto Dealers should have great numbers across the board thanks in part to all the dealers that were closed down.

So its shocking when I see Auto dealers down -20% to -40% in just the last 3 months after reporting blockbuster numbers in April.

Yeah I know all the Euro crap scared everyone out but a -20% to -40% drop in shares seems a bit overdone especially considering the huge amount of customer wins the survivors took from the GM & Chrysler dealers that were closed.

http://www.bloomberg.com/news/2010-07-21/auto-dealer-cull-may-push-survivors-second-quarter-sales-to-two-year-high.html

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