Channel Stuffing At GM?

Tyler Durden's picture

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spartan117's picture

The dealers will need a bailout as well.

whatsinaname's picture

TD, whats happening on Dec. 7th that pertains to shadow banking ?

SimpleSimon's picture

The only thing I know of for Dec 7th is a European call for a bank run - withdraw all your money.

StychoKiller's picture

Irish voters go to the polls, oh, and a lot of repeats on TeeVee about the Germans bombing Pearl Harbor! :>D

johngaltfla's picture

Tyler, I don't have the numbers yet; did you see the state/Fed/rental fleet sales % report yet? It was running 32-34% of total monthly sales for GM and Chrysler, but I haven't had time to dig those out of the data yet....

Cursive's picture

Yep, November numbers were bad here.

Ragnarok's picture

Ahhh, the good stuff.

RobotTrader's picture

Anyone check out Michelle-Caruso Cabrera's new hairdo today?

And she's wearing what looks like a straight-jacket to keep her boobs supressed.

Here are some pics from the good old days....

FunkyMonkeyBoy's picture

Well, you wouldn't look at the face would you. Looks like the wicked witch of the easts offspring. I don't normally critic the way people look, but these people are all servants of evil, so i'll make an exception.

plocequ1's picture

Oh Yea.. Come to Poppy Chulo. Poppy is waiting.

Buck Johnson's picture

She has to compete with Mandy Drury the hot blonde from Australia, thats why.  She used to be the hot chick after Bartiromo started to lose it now they bring in Mandy to spice it up.  Don't get me wrong I love Michelle, but I think that she knows those 36DDD's are what keeping her having shows and specials.  I feel sorry for Sue Herrera, for a woman that essentially started the network back in the early 90's she's still anchoring the desk and don't get to have her own programs or shows like the others.  You can say that she is possibly the manager, but if she was what the hell is she still flying an anchor desk.  Back in the 90's and early 2000's she had more air time, but not anymore.

I think they are going to push some people out.

Buck Johnson's picture

She has to compete with Mandy Drury the hot blonde from Australia, thats why.  She used to be the hot chick after Bartiromo started to lose it now they bring in Mandy to spice it up.  Don't get me wrong I love Michelle, but I think that she knows those 36DDD's are what keeping her having shows and specials.  I feel sorry for Sue Herrera, for a woman that essentially started the network back in the early 90's she's still anchoring the desk and don't get to have her own programs or shows like the others.  You can say that she is possibly the manager, but if she was what the hell is she still flying an anchor desk.  Back in the 90's and early 2000's she had more air time, but not anymore.

I think they are going to push some people out.

http://www.businessinsider.com/source-michelle-caruso-cabrera-dumped-ale...

 

NoBull1994's picture

Build and they will come....  But not me.

Spalding_Smailes's picture

Exxon/Mobil was not a bad buy after all .... :-)

john_connor's picture

This country is an embarrassment.

bob_dabolina's picture

I will never participate in anything GM related for the rest of my life. I have instructed my progeny to carry on with that tradition after I pass.

I wouldn't take a GM car/stock/bond if they gave it to me for FREE.

RobotTrader's picture

I'm sure the chicks are going to go wild for this ride...

plocequ1's picture

Hehehehehehehehehehe.. Oh man. This is the fucking shit. Outstanding.. Uncle George says, " Yum Yum eeeeeat em up"

patience...'s picture

Ah the Volt, gonna save Gov Motors. The real volt looks a citation rather

than the above Volt.

tickhound's picture

ah the beauty of the bubble... even the car looks real.

 

 

erik's picture

who is bottom center woman?

cosmictrainwreck's picture

scrawny, ain't she? reminds me of an old girlfriend.... love tits on a thin girl

Cursive's picture

Audrinna Patridge (wife watches too much E!).

Black Friday's picture

You can tell by the spreads, this is definitly the bubble phase.

Blano's picture

It also looks like she's leaning backwards a bit.  Not that I'm complaining, of course.

Silverhog's picture

I must say, Michelle looks in pain in the first image. Looks like she got things under control now.

RobotTrader's picture

Believe it or not....

GM outperformed Tata Motors today....

 

Spalding_Smailes's picture

Tata is having a hard time getting financing for guys buying the ultra cheap car they push in India.

This will be cleaned up quickly the march upward will continue.

pragmatic hobo's picture

ok ... very distracting ...

 

but back to the subject, any mention of car companies dumping their inventory onto fleet purchases?

Silverhog's picture

So what was this post about stuffing something?

sabra1's picture

wouldn't be surprised if they also channel stuffed the unemployed to make the numbers look better!

imapopulistnow's picture

Government Motors builds 100,000 extra cars before the midterm elections....

papaswamp's picture

Apparently Redbox parent, Coinstar, has also been massaging numbers with a new type of sales data to make things look peachy.

http://seekingalpha.com/news/market_currents/post/62294

erik's picture

good catch.  increasing capacity by 100% through double installations, then comparing those numbers to the same location when it had one installation.  that is a borderline practice.

they need to break them out single kiosk vs single kiosk and double kiosk vs double kiosk, in order to get a real same store sales picture.

i smell bad things for CSTR temporarily if they are forced to do that.

schrock's picture

Not knowing the auto dealer/manufacturing business how does GM force inventory onto the dealers?

BORT's picture

They fired a lot of dealers in bankruptcy.  If you were a dealer and wanted to be, you may be happy to use taxpayer money to fill your lot

schrock's picture

But that's the thing, I remember they reversed their decision not to dump many of the dealers they originally intended to, maybe this was the reason, to hide inventory and distort sales numbers? I just don't understand the process in which manufacturers force inventory on to the dealers.

trav7777's picture

Well they fired a lot of dealers in republican districts and those who made contributions to the Bama's opposition.

New_Meat's picture

So kinda' Left and East coast gonna do government motors and the real country won't?

It is un-American to buy GM or Chrystler.

- Ned

Citxmech's picture

The way it works is that part of the dealer franchise agreement states that you have to buy some certain number of cars per year.  Needless to say this can cause friction when those cars don't sell...

docmac324's picture

One word: Toyota

BORT's picture

It appears that Ford is doing a similar inventory build thru September.  Anyone have October and November Numbers

From 10Q

 

September 30, 2010 and 2009, are shown below:
First Nine Months
Dealer−Owned Stocks (a)

in thousands                                       2009 2010   Over/(Under)
United States (b) 16.4% 15.0% 1.4 pts. 404 313    91

(a) Dealer−owned stocks represent our estimate of vehicles shipped to our customers (dealers) and not yet sold by the dealers to their retail
customers.

Common_Cents22's picture

I sold my business to a fortune 200 a few yrs ago.  They stuffed like crazy to make their quarterly numbers.   It's like crack because once you start you can hardly stop.  Of course, this went hand in hand with 8 restructurings in 6 years.  And the CEO is still there!  unreal.   Know what their capital allocation model was for business units?  first come first serve.  No joke.   

Spalding_Smailes's picture

How are GM sales outside the USA.... China ?

tahoebumsmith's picture

Sales in China are good!! For some reason all those little asses prefer a Buick? But that means nothing for America because they are all built in China out of Chinese parts and materials BY CHINESE WORKERS!  Talk to me about China's GM Sales when you see GM'S leaving the port in NJ heading for China.