TACH - AUTOMOTIVE STOCK INDEX

May 16, 1997

By Gerald Levinson CMA

Top 10 Losers

WARNING - THESE LISTINGS ARE FOR YOUR INFORMATION ONLY. AND ARE NOT INTENDED FOR SOLICITATION. ACCURACY IS NOT GUARANTEED NOR SHOULD THEY BE USED FOR INVESTMENT PURPOSES WITHOUT THE THE HELP OF A LICENSED STOCK BROKER. FURTHERMORE TACH TAKES NO RESPONSIBILITY FOR FINANCIAL LOSSES BASED ON THE USE OF THESE LISTS.

                                TACH - AUTOMOTIVE STOCK INDEX
                                        MAY 16,1997

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                  3.00%  CLOSING PRICES    PERCENT               PERCENT
                   PLUS     THIS   LAST     CHANGE          PE    CHANGE
        N A M E     STK     WEEK   WEEK       WEEK   EPS RATIO  52 WEEKS
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    FINISHMASTER INC.         5.31  6.50   -18.27% 0.00 59.10   -40.90% FMST
    THOMPSON PBE INC.         4.50  5.50   -18.18% 0.00   N/A   -45.70% THOM
    ACTION PERFORMANCE COS.  23.63 26.75   -11.68% 0.84 45.30    61.50% ACTN
    MOTORCAR PARTS & ACCESSO 15.75 17.25    -8.70% 1.11 16.60    -4.20% MPAA
    PEP BOYS -               30.50 33.13    -7.92% 1.95 20.40    -6.00% PBY
    PENSKE MOTORSPORTS INC.  29.25 31.44    -6.96% 1.17 40.30     3.10% SPWY
    INTERNATIONAL SPEEDWAY C 19.00 20.38    -6.75% 0.66 37.00     0.00% ISCA
    HONDA MOTOR CO.          62.63 66.25    -5.47% 3.57 19.40    45.20% HMC
    GENERAL MOTORS CORP.     55.50 57.88    -4.10% 7.33  7.80     9.50% GM
    WILLIAMS CONTROLS INC.    2.34  2.44    -3.85% 0.00   N/A     2.50% WMCO