Sales of light vehicles in North America have risen 22.1% to date over last year's totals to date. As of the end of May 523,328 vehicles were sold vs. last year's total of 428,588. Why the loss in confidence in the value of DAN's stock in recent weeks? Gulf oil disaster? War between Arab nations and Israel? The shaky status of the European Economic Union?
Is is to be expected that North American sales of vehicles will drop in June or through the coming summer months? My crystal ball is cloudy, not blacked out. I don't believe, however, that DAN has lost 20% of its intrinsic value since mid-May.