GM Sales Fell Less Than Expected Down 6.1% (Est. -8.9%) [NotSoBreaking] - MarketTicker Forums


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User Info	GM Sales Fell Less Than Expected Down 6.1% (Est. -8.9%) in forum [NotSoBreaking]
Drench Posts: 28631 Incept: 2009-11-10	GM Sales Fell Less Than Expected Down 6.1% Compared with Estimated 8.9% Decline CNBC.com Breaking 2012-02-01 10:12:48 Permalink
Jazen Posts: 3416 Incept: 2007-07-17 ****cago	More bullish. ---------- I hate our Government, but I still love America. 2012-02-01 10:13:24 Permalink
Goforbroke Posts: 5335 Incept: 2007-11-30 Just call me 'Comrade'	Where's Zara's Rally Monkey? ---------- We have met the enemy and it is us. -- Pogo 2012-02-01 10:34:42 Permalink
Stonedog Posts: 2080 Incept: 2008-05-29 New Jersey	Guess they stuff even more cars down the throats of their dealerships than the experts thought... ---------- "I would characterize my professional disdain as more of a professional contempt for their [Central Banker, Banker and politician] economic and financial policies, priorities, presumptions and prescriptions." - Lauren Lyster on Capital Account for Friday June 16, 2012 "All the stimulus, the bailouts, the quantit 2012-02-01 11:24:24 Permalink
Fraudster Posts: 4173 Incept: 2011-05-10	Where is Zara?! ---------- *"Let China sleep, for when she wakes, she will shake the world."* - Napoleon Bonaparte *"Circulation ceases first at the outer edges [Europe and Japan]. It will take a while yet for the decay to reach the heart [America]."* - Foundation & Empire by Isaac Asimov 2012-02-01 11:29:32 Permalink
Stonedog Posts: 2080 Incept: 2008-05-29 New Jersey	As per my earlier comment - http://www.zerohedge.com/news/gm-channel.... Just as we thought GM's channel stuffing days may be coming to an end, and the company may finally be normalizing its inventory management, here come January numbers, where we learn that in addition to car sales declining by 6% compared to a year ago, at 167,962 vehicles sold (of note: "Retail deliveries declined 15 percent compared with the same month a year ago and accounted for 70 percent of GM sales"), it was the all critical month end dealer inventory that caught our attention. And unfortunately as the skeptics expected, GM is back to its old tricks, as dealer inventories rose once again, this time by over 36k units, or the second highest in its post-reorg history, to a near record 619,455 vehicles stored with dealers. This is just the second highest ever in fresh start GM history, second only to November's 623,666. The January-end number represents 89 days supply, but more importantly the recent spike in restocking, which was seen with all other major car dealers, explains the ongoing "expansion" in the US economy as measured by indices such as the ISM. Eventually, when the end demand for these dealer parked vehicles does not materialize, the New Orders so diligently tracked by economists everywhere will slip back under 50, but before that we are confident that the administration will come up with some new Cash for Clunkers plan to take demand from the future and to push it into the days leading into the election, probably funded once again by other taxpayers who don't quite see the fascination with owning a GM car. And some other manufacturers: Ford month-end inventory 86-day supply at end of Jan. (492k vehicles) vs 60-day supply (466k) as of Dec. 31 Chrysler had 83-day supply (349k units) end of Jan. vs 64-day (326k units) as of Dec. 31 GM month-end inventory 89-day supply (619k units) vs 67-day supply (583k) Dec. 31 ---------- "I would characterize my professional disdain as more of a professional contempt for their [Central Banker, Banker and politician] economic and financial policies, priorities, presumptions and prescriptions." - Lauren Lyster on Capital Account for Friday June 16, 2012 "All the stimulus, the bailouts, the quantit 2012-02-01 14:40:15 Permalink
Dude59 Posts: 852 Incept: 2007-11-08 Forclosed and glad it happened in Las Vegas	I think I remember that there are fewer dealerships now that Government Motors 'restructured'. That means there are even more cars on each of the remaining dealer lots, and more pressure as the base to support the carrying costs is smaller. Have I forgotten something or it is time to find a was to short the dealers? ---------- The Green shoots are STILL Gangrene. 2012-02-01 14:50:26 Permalink