U.S. Auto Sales Dropped 2.6% in 2006

WEST OLIVE, Mich., Jan. 3, 2007 -- Morgan & Company, Inc., reports that U.S. auto sales totaled 16.55 million in 2006, a decrease of 2.6% from 2005.

                   U.S. LIGHT VEHICLE SALES BY COMPANY

                            2006          2005            %
                            Cal. Year     Cal. Year     Change

  General Motors            4,028,992     4,416,043     -8.8%
  Ford Motor                2,716,383     2,953,197     -8.0%
  Chrysler Group            2,142,505     2,304,833     -7.0%
  Big 3 Total               8,887,880     9,674,073     -8.1%

  Honda/Acura               1,509,358     1,462,472      3.2%
  Hyundai                     455,520       455,012      0.1%
  Isuzu                         8,614        12,177    -29.3%
  Kia                         294,301       275,851      6.7%
  Mazda                       268,786       258,339      4.0%
  Mitsubishi                  118,558       123,995     -4.4%
  Nissan/Infiniti           1,019,249     1,076,672     -5.3%
  Subaru                      200,699       196,002      2.4%
  Suzuki                      100,990        82,101     23.0%
  Toyota/Lexus/Scion        2,542,525     2,260,296     12.5%
  Asian Total               6,518,600     6,202,917      5.1%

  BMW Group                   313,603       307,020      2.1%
  Jaguar                       20,683        30,424    -32.0%
  Land Rover                   47,774        46,175      3.5%
  Mercedes-Benz               248,080       224,421     10.5%
  Porsche                      34,227        31,933      7.2%
  Saab                         36,349        38,343     -5.2%
  Volvo                       115,807       123,587     -6.3%
  Volkswagen/Audi             325,256       307,261      5.9%
  European Total            1,141,779     1,109,164      2.9%

  Total Light Vehicles     16,548,259    16,986,154     -2.6%

  Notes:
  Saab is a subsidiary of General Motors Corporation.
  Jaguar, Land Rover and Volvo are subsidiaries of Ford Motor Company.
  DaimlerChrysler is Mercedes-Benz and Chrysler Group.

Mark M. Cornelius of Morgan & Company sees 2007 U.S. light vehicle sales falling by 1.8% to 16.25 million units, the lowest level since 1998.