|
I don't understand the confusion. Look at the used car market, it is booming and small efficient cars are appreciating. My son is an auto broker and it is near impossible to get a used Toyota, Mazda, Honda and even Ford for less than Blue Book value. Meanwhile, used GM cars are dropping value, nobody wants them. Same for new cars, nobody wants the crap small and midsize cars from GM. Even the much desired Volt only sold 124 cars last month nation wide.
GM stocks are tanking because their product sucks. No matter how much the President saves GM and props up the UAW the product still sucks.
|