Chevrolet Corvette Stingray C7 Forum - View Single Post

stovt001 · 07-01-2008, 10:06 PM

All the major automakers released their June sales numbers today. Chrysler got hammered with a drop over 30% compared to June 2007. GM was projected to record a 25% drop but dropped only 18%. Even better, Toyota dropped a whopping 21%. Not too shabby eh? The only weird thing is that GM's cars took most of the hit and their trucks took a surprisingly much lighter hit.

I play an online virtual stock trading game and had shorted GM stock when it broke $13. I was making huge money today before the announcement, but after they released those sales numbers it shot up 10% over the previous day's close. I lost a lot of virtual money on that one. Luckily I kept my head and shorted even more at 10% up and it eventually settled at +2%, so I still made money. So bad news for me virtually, but great news for all of us GM fans in the real world.

07-01-2008, 10:06 PM	#1
stovt001 Drives: 2006 Cobalt, 2004 Taurus wagon Join Date: Oct 2007 Location: California Posts: 3,810	GM beats June sales forecast All the major automakers released their June sales numbers today. Chrysler got hammered with a drop over 30% compared to June 2007. GM was projected to record a 25% drop but dropped only 18%. Even better, Toyota dropped a whopping 21%. Not too shabby eh? The only weird thing is that GM's cars took most of the hit and their trucks took a surprisingly much lighter hit. I play an online virtual stock trading game and had shorted GM stock when it broke $13. I was making huge money today before the announcement, but after they released those sales numbers it shot up 10% over the previous day's close. I lost a lot of virtual money on that one. Luckily I kept my head and shorted even more at 10% up and it eventually settled at +2%, so I still made money. So bad news for me virtually, but great news for all of us GM fans in the real world.