The American Automobile Association (AAA) is a not for profit membership organization which has been around since 1920. They are very concerned with improving the lot of auto owners all over the nation. Their main motto is “The Association is committed to promoting an improved way of managing the car business in the United States”. There are many different aspects to this. One is the fact that they want to help people who have been hurt by other drivers or their auto industry, and they try to help those owners who have been injured. They also want to make sure that those people who work for the auto companies follow the rules and regulations that are set forth in their contract.
One of the ways: that the AAA does this is by purchasing a percentage of all shares of certain automobile companies. These stocks are known as membership stocks. As the name suggests, whenever there is a question or issue concerning any aspect of auto-related topics, the association will purchase a percentage of that company’s stock and divide it among the members. This is how the association keeps itself financially stable and allows them to do what they do best: helping people.
There are several different types of membership stocks that the AAA has: One is the Preferred Stock Certificate. This is divided into two parts: a Class B share. The members of this class each own one share of the automobile company they are voting on. This allows them to have a real stake in what happens with the automobile company.
A Class C share is reserved for those individuals: who do not own any automobile shares but still wish to be part of the automotive industry. They are considered long-term investors because their money can be used to purchase shares of the automobile industry in the future. In order to be entitled to this share, an individual must have a specified waiting period. They are also limited in how much they can invest at any one time.
Finally, a Class D share is available only to those: who belong to the American Automobile Association as well as to other accredited investors. This type of stock does not have voting rights. It is simply used for investment purposes and as a way to provide incentives to employees and others within the industry to help promote the use of automobiles. An automobile industry leader who holds a Class D membership status is entitled to discounted fees on automobile purchases and they are also entitled to receive priority seating at automobile trade shows. These perks are usually based on financial criteria set by the American Automobile Association.
As you can see: there are a number of different ways to invest in shares in the automobile industry. Your membership to the American Automobile Association will determine which share class best fits your needs. For more information about investing in auto industry stocks and shares, contact a professional investment advisor.