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June Car Sales Update
- GM June US total vehicle sales down 33.6% vs. Exp. down 30%
- BMW (BMW GY) US June sales down 20.3%
- Volkswagen (VOW GY) of America June sales down 18%
- Ford (F) June US total sales down 10.9% vs. Exp. down 17%
- Chrysler Group US June sales -42% vs. Exp. -36%
- Toyota June sales down 34.6%
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Tyler, I propose the following entry for the funniest headline of the day - General Motors May File for IPO in 2010 - how many reverse splits would it require to get to a $5 stock? On the other hand zero times whatever is still zero.
that would be funny in a nerdy sort of way
...good articles
This is not fair. The numbers will go up when the government starts its cash for clunkers program. I guarantee it.
/sarcasm off
(cross-posted to Clusterstock's "Car Sales Crash Slowing")
A more honest title:
"INSOLVENT US CARMAKER SEES DEPRESSIONARY YEAR-OVER-YEAR SALES, NO PATH TO RECOVERY."
Has everyone forgotten that Ford's book value is roughly NEGATIVE $6.12 per share? I knew that GM was in bad shape when they were making Ford look good.
Looks like it might be time to check into some long-dated puts on Ford ...
hehe, I just saw the title: "Car sales are stabilizing."
!!! LOL
ether AP or similar source.
Yet another day of hacky-sacking the SPY by Goldman's Prop Desk A ping ponging back and forth with Goldman's Prop Desk B, for the sole purpose of driving the anxiety levels of its biggest clients higher and higher before the long weekend.
Most likely, they will have to go on vacation nerve racked, most will be making a run to Walgreen's for some Cialis and Xanax.
Meanwhile, its a new quarter.
That means, another slew of junior hedge funds will be swinging for some home runs, trying to make it big.
So they too, can one day show up at the Hamptons with the fastest cars, the most outrageously good looking girlfriends/escorts, smoking the most expensive cigars.
Various and assorted junk was chased today: Zale's, Leapfrog, Winnebago, Oshkosh, etc.
Everyone is trying to grab some beaten down loser off the lows so they can brag about making 400% in 2 months.
Tomorrow is going to be crazy. All sorts of shanks, clotheslines, short-squeezes will be engineered by the Crooks so they can make some fast beer money for the weekend.
Most likely, the Waxie Parness Whiztraders and the FapTurbo FX daytraders will be getting killed tomorrow.
Ok, Bloomberg tried to spin it:
"Ford, Honda, Nissan U.S. Sales Beat Estimates in Sign Auto Slump Is Easing"
I have no idea how negative 30% sales is somehow an easing slump... Actually, I don't know many firms that can survive a prolonged 30% drop in sales. Margins and leverage are too tight.
Anyways, makes sense that Ford got better numbers, they are essentially getting everything that is spilling over from GM and Chrysler.
This is a test:
Stock Charts
This is a test:
I cannot post any HTML links here.
Bummer.
I'll try some images:
http://www.hedgefundcrash.com/img/i/116102black swan.jpg
Tyler, if you can find the data, you should include the sales of the Little Tykes Cozy Coupe with your results. I hear their sales are doing quite well.
Real quote from Bloomberg TV just now, after advertising that auto reports look promising: "Ford was the outstanding performer, falling only 14% vs 17% expectation" - Zhara Burton
The worst is yet to come
good finance articles http://www.bit.ly/12NCJR
Bunch of pikers.
Porsche US Sales off 66%
Yeah, I heard Porsche sales in Greenwich, CT are down 98%.
Too many hedge funds went broke this year.
LOL....
Wonder what office vacancies are looking like in Greenwich these days?
http://www.cnbc.com/id/31685114/for/cnbc/
Yeah - I know - should not copy the whole thing, bu tis' attributed...
============================================
Porsche's June sales in US plunge 66 pct
By: The Associated Press | 01 Jul 2009 | 12:36 PM ET
ATLANTA - Luxury automaker Porsche Cars North America Inc. said Wednesday that June sales in the U.S. slid 66 percent compared to the same period a year ago.
The German automaker registered June sales in the U.S. of 902 units, compared to the same period last year when it sold 2,650.
For the first half of the year, Porsche sold 9,659 cars, a nearly 36 percent drop compared to last year when it sold 15,086 during the same six-month period.
The company sold 260 Boxster and Cayman sports car models in June, down 67 percent from 789 a year ago, and 367 of its 911 sports car models, down more than 48 percent from 715 a year ago. Porsche sold 275 Cayennes, down 76 percent from 1,146 in June 2008.
What-r we gonna do w/out robot charts
For those of you who haven't lived in the heartland (if it isn't either "Chevy country" or "Ford country" then it's not the heartland), you may not be aware that half the country still refuses to buy foreign cars. Ford was already in better shape before the collapse, and they'll be the big winner when car sales start to pick up again.
Toyota will be suffering the most in a few months. They are loosing ground big time and it's no funny. I hope that they get a taste of the own medicine.
Toyota will be suffering the most in a few months. They are loosing ground big time and it's no funny. I hope that they get a taste of the own medicine.