Sunday, January 26, 2014

10 Largest US Auto Dealership Corps Average Stock Prices Down 61% Due to Financial Meltdown Spillover Effects, Then Up 994% Under Obama and the US Fed

I found 10 US Auto Dealership Companies classified in the Services Sector at Yahoo's fine Finance website with current Total Market Capitalizations of at least $100 mil each and which also had their common stocks trading on each of the following three dates: on December 31, 2007 during President Bush's second term, on March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and also on January 24, 2014.
 
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 10 US Auto Dealership Companies had their average stock prices drop by a massive 61% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But since March 6, 2009, the average stock prices of these same 10 US Auto Dealership Corps have increased by an off-the-charts 994% through January 24, 2014, led by Lithia Motors, Sonic Automotive and Asbury Automotive Group.....all 3 with increases above 1,800%.  And the lowest increase of the 10 was a robust 157%. 
           
Clearly, the investors in and employees of all 10 of these US Auto Dealership Companies must be extremely pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state caused by the 2008 US financial meltdown.

Below here are the market prices of each of these 10 US Auto Dealership Companies on January 24, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 24, 2014:







Market Market






Price Price






% %






Change Change



 Market   Market   Market  3-6-09 12-31-07



 Price   Price   Price  to to
Auto Dealership Corps HQs
 1-24-14   3-6-09   12-31-07  1-24-14 3-6-09








Lithia Motors Medford OR      58.00        1.98      13.73 2829% -86%
Sonic Automotive Charlotte NC      22.53        0.95      19.36 2272% -95%
Asbury Automotive Group Duluth GA      47.95        2.40      15.05 1898% -84%
Penske Automotive Group Bloomfield Hills MI      42.36        5.03      17.46 742% -71%
Group 1 Automotive Houston TX      62.02        8.33      23.75 645% -65%
CarMax Richmond VA      44.57        8.68      19.75 413% -56%
AutoNation Fort Lauderdale FL      47.34        9.72      15.66 387% -38%
Rush Enterprises New Braunfels TX      23.64        5.57      17.80 324% -69%
America's Car-Market Bentonville AR      42.51      11.57      12.55 267% -8%
Copart Dallas TX      34.71      13.49      21.28 157% -37%








Average % Change all 10




994% -61%