Quote:
Originally Posted by camarowa
I am sure people are going to disagree with this, but please let's keeps this in perspective.
GM Channel Stuffing Hits Record In April
Earlier today, GM posted better than expected April car sales, with total US sales up 26.4% on expectations of 14%. How much of this is due to a Toyota impairment is unclear. What is clear is that channel stuffing at Government Motors, whose Chinese sales are far more important than US sales these days, just hit a new all time record of 577,000, higher than the previous record of 574,000 from March, and 149,000 higher compared to a year ago. The good thing is that GM will never be able to complain about lack of inventory: it now has two and a half months worth of sales equivalent parked on warehouse financed dealer storefronts, in the form of rapidly depreciating autos.
"General Motors Co. reported a 26% surge in April vehicle sales... helping to push the company’s stock back above its initial public offering price."
|
BTW, a 60 to 70 day supply is about normal. Seems like that is 2 to 2 1/2 months. Even the hot selling cars are 15 to 20 days.
Tons of mis information there. Did you copy that? or is it your post?