8 million in the first quarter
of 2005 versus revenues
of $65.2 percent, we
were able to reduce SG+A more than $600,000.
Sometimes called extended warranties
or service contracts these are a form of breakdown insurance.
guarantee mileage
1 million or 6.chryslerheritage. Hyundai
buyers are
protected by a 10-year/100,000-mile powertrain warranty, a 5-year/60,000-mile
bumper
-to-bumper warranty, a 7-year/unlimited-mile anti-perforation warranty
and 5-year/unlimited-mile roadside
assistance protection.topor vehicles
0 million for the first quarter of 2005 versus $41.com) sells new and used cars
and light trucks, provides maintenance and repair services, sells
replacement parts and provides
related financing, insurance and
service contracts through eight franchised dealerships and one
stand
-alone used car facility located in New Jersey, New York,
Connecticut, Massachusetts and Vermont.
HOMETOWN AUTO RETAILERS, INC. The park is one mile north of I-94 off exit
183 (Huron St.).
FOUNTAIN VALLEY, Calif. They typically cover mechanical breakdowns
and related costs.
warranty suv
Year-Over-Year Comparison For the First Quarter Ended
March 31,
2005 2004
------------- -------------
New vehicles
1,437 1,496
Used vehicles - retail 737 915
Used vehicle
- wholesale 693 903
------------ -
-----------
Total units sold 2,867 3,314
============ ============
Sales of new vehicles decreased $3.
The Orphan Car
Show is open to all factory stock, un-modified makes and
models of cars, trucks and motorcycles that
have been out of production for at
least seven years.
Admission is $5 per person to view the
anticipated collection of nearly
400 vehicles. Automotive historians Jeff Godshall,
Bill Tilden
, Jim Wagner and Randy Mason will provide expert commentary of each
vehicle's features and specifications
as it parades around the park.Hyundai Sales Set New Record for May
extended vans
Hometown Auto Retailers Announces
First Quarter 2005 Results
5 million in same period in 2004.
Chrysler Museum, the show runs 9
a.
The Walter P.warranties suv
----Hometown Auto
Retailers, Inc.
About Hometown
Hometown Auto
Retailers (www."
Fifteen "favorite car" awards will be presented in various classes, with
one
vehicle earning top Mayor's Choice honors.vrp eligibility
Used vehicle sales decreased $1.
Therefore, there can
be no assurance that any forward-looking
statement will prove to be accurate., Hyundai Motor America
today announced sales of 40,416 vehicles for the month, which represents the
best May sales in
company history.schemes suv
2 million versus $6. The company's dealerships
offer nine American and Asian automotive
brands, including Chevrolet,
Chrysler, Dodge, Ford, Jeep, Lincoln, Mazda, Mercury, and Toyota.04
$0. All proceeds from the show
benefit the Ypsilanti Automotive Heritage Museum.
"The
Orphan Car Show is very different from other enthusiast events in
that it showcases hundreds of forgotten
and unusual vehicles," said Jack
Miller, Ypsilanti Orphan Car Show organizer and curator of the Ypsilanti
Automotive Heritage Museum and Miller Motors Hudson. Leading the way were the Elantra followed
by
the Sonata. "Consumers are responding positively to the Grand
Opening of our all-new $1.schemes breakdowns
(OTC BB:
HCAR) today announced its financial results
for the first quarter ended March 31, 2005."
Hometown
sold 2,867 vehicles during the first quarter of 2005, 447
less than it sold in the same period in
2004 or a decrease of 13.3 percent to $6.001 par value,
2,000,000 shares
authorized, no
shares issued and
outstanding - -
Common
stock, Class A, $.
All Hyundai cars and sport utility vehicles sold in the U.nissan daimler
Gross profit for
the first
quarter of 2005 decreased $214,000 or 2.9 percent to
$2., Ypsilanti, MI 48198.acura breakdown
5
percent
.9 million in
2004.
CONSOLIDATED BALANCE SHEETS
(in thousands
, except share and per share data)
March 31, December
31,
ASSETS 2005 2004
(Unaudited)
------------ ----
--------
Current Assets:
Cash and cash equivalents $5,336 $6,101
Accounts receivable, net 6,320 5,081
Inventories, net
42,930 43,440
Prepaid expenses and other current assets
745 634
Deferred and prepaid income taxes 1,464 1,464
----------- ----------
Total current assets
56,795 56,720
Property and equipment, net 13,663
13,854
Other assets 3,524 3,649
----------- -----------
Total assets
$73,982 $74,223
=========== ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Floor plan
notes payable $42,573 $42,474
Accounts payable and accrued expenses
5,750 5,106
Current maturities of long-term debt and
capital lease obligations
5,477 5,505
Deferred revenue 664
735
---------- ----------
Total
current liabilities 54,464 53,820
Long-term debt and capital lease obligations
8,521 8,621
Long-term deferred income taxes 123 123
Other
long-term liabilities and deferred
revenue 716
726
---------- ----------
Total liabilities
63,824 63,290
Commitments and Contingencies
Stockholders
' Equity
Preferred stock, $. All exhibitors will receive a
commemorative dash plaque.
Deadline
is Wednesday, May 24. The new Tucson SUV, named segment leader in the recent 2005
Strategic Vision
Total Quality Study, set a single-month sales record with
5,732 sales.S.vrp vehicles
Total vehicles sold (by
category) are shown in the table
below.htauto. Actual results or achievements may be materially
different
from those expressed or implied.daimler nissan
The company's plans and
objectives are based on assumptions involving
judgments with respect
to future economic, competitive and market conditions, its ability to
consummate
, and the timing of acquisitions and future business
decisions, all of which are difficult or impossible
to predict
accurately and many of which are beyond the control of the company.m. Cost to exhibit
a vehicle is $18.
"Despite the challenging automotive sales environment, we continue to set
all
-time sales records month-over-month," said Hyundai's Vice-President,
National Sales Ed Bradley.topor schemes
3
million
versus gross profit of $9.04 versus net income of
$102,000 and basic and diluted earnings
per share of $0.04 $0. Children 12 and under are free.org or call 734-482-5200. Exhibitions showcase
DaimlerChrysler's American heritage and the company's contributions to
automotive design and innovation
, as well as the automobile's impact on
American culture.bumper vrp
This is partially a
result of lower legal
fees associated with our settling the Morristown
and Vergopia legal matters. Cross St.
trucks insured
For
more information about the Ypsilanti Orphan Car Show -- including
questions about vehicle eligibility
-- and to register, visit
http://www.mileage schemes
9 million for the same period in 2004,
a decrease of $4.
"Although revenues were down 6. Parts and service revenues for the first quarter of 2005
increased
$197,000 or 3.001 par value,
3,760,000 shares
authorized, 3,519,252 shares issued
3 3
Additional paid-in capital 30,017 30,017
Accumulated deficit (18,823) (19,091)
Less: treasury stock, 940
,000 Class B
shares in 2005 (1,043) -
---------- ----------
Total stockholders' equity
10,158 10,933
----------- ----
------
Total liabilities and stockholders'
equity
$73,982 $74,223
=========== ==========
Sunday, June 4 in Riverside Park
AUBURN HILLS, Mich., Foreign
built cars
will be the stars of the 10th annual Ypsilanti Orphan Car Show Sunday, June 4,
2006
in the city's downtown Riverside Park. - 4 p.ypsiautoheritage.vrp mileage
1 million or 7.1 million in
2004.
A highlight of the 2006 Ypsilanti Orphan Car Show will be a narrated pass-
in-review running 10:30
a. Vehicle registration will not be accepted on-
site the day of the event.com or call 888-456-1924
for more.eligibility warranties
0 million
in 2004.9 million for the
same period in 2004.
UNAUDITED CONSOLIDATED
STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)
For the Three Months
Ended March 31,
------------
---------
2005 2004
---------- ----------
Revenues
New vehicle sales
$38,025 $41,115
Used vehicle sales 15,560
16,910
Parts and service sales 6,156 5,959
Other, net
2,025 1,894
---------- ----------
Total revenues 61,766 65,878
Cost of sales
New vehicle 35,592 38,355
Used vehicle 14,003 15,244
Parts and service
2,865 2,759
-------
--- ----------
Total cost of sales 52,460 56,358
---------- ----------
Gross profit
9,306 9,520
Selling, general and administrative expenses 8,009
8,648
---------- ----------
Income
from operations 1,297 872
Interest income
70 44
Interest (expense) (920)
(774)
Other income 2 2
Other (expense
) - (4)
---------- ----------
Pre-tax income 449
140
Provision for income taxes 181 38
---------- ----------
Net income
$268 $102
========== ==========
Earnings per share, basic $0.
Mail-in registration, with a check
made payable to "Ypsilanti Orphan Car
Show," will be accepted by the Ypsilanti Automotive Heritage
Collection, 100
E.
Riverside Park is located at Huron and Cross Streets near downtown
Ypsilanti
's historic Depot Town.eligibility breakdowns
3 million or 7.7 percent to
$15.
This release contains "forward-looking
statements" based on
current expectations but involving known and unknown risks and
uncertainties
.001 par value,
12,000,000 shares
authorized, 3,870,137 shares issued and
outstanding
4 4
Common stock, Class B, $.Annual Ypsilanti
Orphan Car Show to Showcase Nearly 400 Vehicles
m.backed topor
Business Editors/Automotive Writers
WATERBURY, Conn.
Net income for the first quarter of 2005 was $268,000, generating
basic and
diluted earnings per share of $0.01 for the
same period in 2004. Other revenues (net) increased
$131,000 or 6.0 million for the first quarter of 2005 versus $1.m. The three-story, 55,000 square foot
Museum features more
than 65 classic, custom and concept vehicles, interactive displays and
exhibits
, movie theater and a Museum Store. are covered
by The Hyundai Advantage, America's Best Warranty
.chrysler schemes
5 percent to
$38. Our colorfully entertaining pass-in-review is a rolling
history lesson that
breathes new life into each vehicle. Chrysler Museum is located on the DaimlerChrysler complex in
Auburn
Hills, Mich. Visit http://www.1 billion manufacturing plant in Montgomery, Alabama
earlier this
month, and the introduction of our completely redesigned 2006
Sonata which is the first Hyundai vehicle
to be built in the U.guarantee vans
Un-restored vehicles are welcome, though kit cars and most
replicars are not
accepted.
Advance vehicle registration is required for the Orphan Car Show.acura backed
2 percent.3 percent
to $9.
"We are pleased to report a higher net profit year over year for
the first quarter of 2005
," said Corey Shaker, Hometown president and
chief executive officer. Sponsored by the Walter P.
"
"We are excited about our potential sales growth in June with the arrival
of an increasing
number of the all-new Sonata in our dealerships," Bradley
continued.eligibility topor
Hometown reported revenues
of $61.6 million for the first quarter of 2005 versus $16.01
========== ==========
Earnings per share, diluted $0.01
========== ==========
Weighted average shares
outstanding, basic 7,086,500 7,175,105
Weighted average shares outstanding, diluted 7
,210,990 7,471,259
HOMETOWN AUTO RETAILERS, INC. - 4:30 p.m. "Visitors
can enjoy an
outstanding collection of cars, trucks and motorcycles -- many they may never
have
seen before.S.
Following is the sales breakdown for May 2005:
CARLINE
May/2005 May/2004 CY2005 CY2004
ACCENT 4,555
3,599 17,824 18,672
SONATA 8,043 11,370 46,974
41,941
ELANTRA 10,523 11,877 48,629 45,533
TIBURON
2,045 1,882 8,029 7,102
SANTA FE 8,277
9,925 30,495 44,097
XG350 1,241 1,684 6,451
6,330
TUCSON 5,723 0 22,984 0
TOTAL
40,416 40,337 181,386 163,675
trucks warranties
A community sponsored library.
-> Show WiseVault's Web Sites Listing For This Topic
Loading...
(Note: These pages use the Atlas Content Safeguard System (ACSS) and require that Javascript is enabled for viewing.)