FFS, you can make an inference from the data on days of inventory that the cars are selling. If annual sales are up, and inventories are mostly constant, then the cars are obviously being sold to the public.Originally Posted by devil21
FFS, you can make an inference from the data on days of inventory that the cars are selling. If annual sales are up, and inventories are mostly constant, then the cars are obviously being sold to the public.
I guess you don't read your own posts. That's OK- I can help you. Let's go back and read one. See post #125.
The vehicles haven't been sold. No one has bought them. They're not sales. How hard is that to understand? Preach about green shoots once they're actually sold to the buying public. Until then it's just CNBC pump monkey nonsense from cherry picked "analysts".
Last edited by Zippyjuan; 12-05-2012 at 01:10 PM.
Freedom is a state of mind. Nobody can take that from you unless you let them.
Confirmed channel stuffing and the lame street media is reporting it now.
From Zerohedge about new WSJ article on the big 3.
http://www.zerohedge.com/news/2012-1...uffing-scandal
WSJ link
http://online.wsj.com/article/SB1000...googlenews_wsj
Again, one firm does not the market make. I already posted actual industry wide numbers a few pages back and the days-to-sale number has been relatively flat over the past year.
Wow. So much for "If annual sales are up, and inventories are mostly constant, then the cars are obviously being sold to the public."
Well, since globalism, consumerism and socialism is the obvious panacea, I'm just waiting for the notion that no American should be denied the basic fundamental right to own a new car, and a "No American Driver Left Behind" program, where the government steps in and subsidizes the loans once the lenders back off from scraping the rest of the bottom of the barrel, and find themselves running out of lending courage gas. Top that with a provision similar to student loans -- that government subsidized car loans are not dischargeable in bankruptcy -- and the sky's the limit! Everything should go swimmingly after that.
Last edited by Steven Douglas; 12-05-2012 at 01:50 PM.
Wow, if only people would read the whole thread before posting.
Wow. So much for "If annual sales are up, and inventories are mostly constant, then the cars are obviously being sold to the public."
Well, since globalism, consumerism and socialism is the obvious panacea, I'm just waiting for the notion that no American should be denied the basic fundamental right to own a new car, and a "No American Driver Left Behind" program, where the government steps in and subsidizes the loans once the lenders back off from scraping the rest of the bottom of the barrel, and find themselves running out of lending courage gas. Top that with a provision similar to student loans -- that government subsidized car loans are not dischargeable in bankruptcy -- and the sky's the limit! Everything should go swimmingly after that.
I've already shown that days inventory is mostly unchanged. And LibertyIn08 has already pointed out that GM's inventory levels are the highest of any car company, and well above the average.
P.S. I like how that chart starts with the bottom in car sales on an annualized basis. It's designed to be misleading, given that it shows inventory without respect to annual sales. Obviously total inventories will be higher when cars are selling faster. I wonder if you guys would be surprised to learn that Walmart carries more inventory than a convenience store.
Last edited by Jordan; 12-05-2012 at 02:09 PM.
Looks like BOTH sales and inventories are up. That does not necessarily mean that the sales figures come from what is sold to dealers and not sales from dealers to customers. Say I had 100 cars and sold 50. End of month I have 50 cars left. I order 100 more but sell 60. My inventory is now 90 at the end of month which is higher but my sales also increased.
Check this out:
http://www.istockanalyst.com/finance...to-start-dying
The Auto sector graduated from our emerging to our mature bull list in this week's sector performance review. According to Reuters, car sales hit a five-year high in November stepping in the gas by rising 15% to 1.14 million vehicles.
With news like that, it's no wonder that auto sector is catching the eye of investors. Many car industry experts believe the trend will carry into 2013. However, troubling times could be ahead for automakers as incentives and a troubling rise in inventories could hit profits hard in in 2013.
This morning, the Wall Street Journal reported, "Detroit auto makers are piling up big stocks of passenger cars at dealers despite brisk new-vehicle sales in the U.S.—a problem that executives vowed to avoid since their painful downturn three years ago." The more things change, the more they stay the same.
Freedom is a state of mind. Nobody can take that from you unless you let them.
There sure has been a spate of optimistic news lately about the US economy:
Anyone care to speculate why that is?
Rand can win in 2016 only after the security guards will listen to us rather than the establishment hacks and only after we are able to ensure that the rules are followed and the votes accurately tallied.
The economy is actually improving, that's why.
So are you saying that the Keynesians' policies are good, or that the economy is improving despite their policies?
Is the condition of the economy more dependent upon the amount of faith in it than on monetary and legislative policy?
Rand can win in 2016 only after the security guards will listen to us rather than the establishment hacks and only after we are able to ensure that the rules are followed and the votes accurately tallied.
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