DETROIT -- Hyundai Motor Co., automotive retailer Lithia Motors and suppliers Dana Holding Corp. and Calsonic Kansei Corp. were winners in the 12th annual Global Automotive Shareholder Value Awards today in Detroit.
The awards, developed jointly by Automotive News and PwC, recognize the best shareholder return for automotive manufacturers, suppliers and retailers. The winners were presented with awards during the Automotive News World Congress.
It has been a challenging year for the industry and "delivering shareholder value is on the top of the minds of automotive executives," said Rick Hanna, global automotive leader for PwC.
There are separate awards for one-year and three-year periods. The measurement itself is simple: how the value of $100 invested in a public company changes during the period, counting share price and assuming any dividends are reinvested.
Hyundai tops automakers
Hyundai swept both awards in the global vehicle manufacturer category. Over three years, the Korean automaker boosted shareholder value almost six-fold, compared to a 42 percent average return for the sector.
Hyundai gained 20 percent over the past year, outpacing all other global automakers. It overcame a sluggish second half by launching new models and improved product competitiveness, PwC said.
Among global suppliers, Dana won the three-year award, rising more than sixteen-fold percent while the sector average more than doubled .
For the one-year period, the winner was Calsonic Kansei, more than quadrupling its shareholder value while the sector average fell 13 percent. The Japanese supplier managed to boost shareholder return despite the massive earthquake and tsunami there in March.
In the retailer category, Lithia Motors was a double winner. Over one year, Lithia achieved a 55 percent return to lead all public dealership groups. The sector averaged a 25 percent gain.
Over three years, Lithia's share value increased almost seven-fold, while the sector average more than tripled. Lithia sells 26 vehicle brands at 85 stores.
Lithia Motors Inc., of Medford, Ore., ranks ninth on the Automotive News list of the top 125 dealership groups, with retail sales of 33,790 new vehicles in the United States in 2010.