Toyota is Optimistic About the Consumer Next Year

The natural disasters in Japan and Thailand caused Toyota (NYSE:TM) to take a 6% drop this year to 7.9 million units, but the Japanese auto giant predicts a comeback in 2012. While Toyota┬ámay relinquish its title this year to GM (NYSE:GM) as the world’s largest auto company by sales, they forecast a jump in sales next year to a record 8.48 million vehicles.

Here’s how the major car maker stocks are trading on the news:

Toyota Motor Corp. (NYSE:TM): TM shares recently traded at $64.30, up $0.05, or 0.08%. They have traded in a 52-week range of $60.37 to $93.90. Volume today was 30,664 shares versus a 3-month average volume of 541,950 shares. The company’s trailing P/E is 39.11, while trailing earnings are $1.64 per share. Get the most recent company news and stock data here >>

Ford Motor Co. (NYSE:F): F shares recently traded at $10.82, up $0.16, or 1.5%. They have traded in a 52-week range of $9.05 to $18.97. Volume today was 3,153,424 shares versus a 3-month average volume of 62,561,800 shares. The company’s trailing P/E is 6.49, while trailing earnings are $1.67 per share. Get the most recent company news and stock data here >>

General Motors Corporation (NYSE:GM): GM shares recently traded at $20.38, up $0.06, or 0.3%. They have traded in a 52-week range of $19.00 to $39.48. Volume today was 427,286 shares versus a 3-month average volume of 12,567,300 shares. The company’s trailing P/E is 4.46, while trailing earnings are $4.57 per share. Get the most recent company news and stock data here >>

Honda Motor Co., Ltd. (NYSE:HMC): HMC shares recently traded at $29.58, down $0.06, or 0.2%. They have traded in a 52-week range of $27.52 to $44.56. Volume today was 33,192 shares versus a 3-month average volume of 678,864 shares. The company’s trailing P/E is 19.05, while trailing earnings are $1.55 per share. Get the most recent company news and stock data here >>