Domestic Vehicle Sales Plunge; Miss By Most Since Jan 2009

Tyler Durden's picture




 

We already noted the apparently 'transitory' weakness in GM's numbers and huge surge in channel-stuffing; but now the full numbers are in and it is not pretty. The annualized domestic vehicles sales collapsed (by the most in 29 months) to 11.66 million - it's lowest in 11 months - missing expectations by the most since January 2009. Stone McCarthy offers some hope that this does not signal "peak autos" for this cycle as they note, "it would appear that sales for September were pulled into August due to the extra selling days for August, stemming from the manner in which the Labor Day weekend fell on the calendar this year. Recall that August sales were firmer relative to expectations and now we have September being weaker."

 

 

and the details (from Stone McCarthy),

 

Did the Auto Recovery just end?

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Tue, 10/01/2013 - 15:01 | 4010928 SheepDog-One
SheepDog-One's picture

Dang...can't even GIVE em away for free anymore? Seems figuring out some way to create more debt is getting near impossible.

Tue, 10/01/2013 - 15:00 | 4010940 TruthInSunshine
TruthInSunshine's picture

ObaMobiles for everyone, just like on Oprah.

You get a new car! You get a new car! You get a new car!

Tue, 10/01/2013 - 15:03 | 4010949 Boris Alatovkrap
Boris Alatovkrap's picture

When drive economy over cliff like Thelma and Louise, auto sale is plunge.

Tue, 10/01/2013 - 15:04 | 4010957 SheepDog-One
SheepDog-One's picture

OH yea I remember those 2 crazy bitchez made me laugh!

Tue, 10/01/2013 - 15:17 | 4011024 Zer0head
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Where's RATTNER?

Tue, 10/01/2013 - 15:06 | 4010960 kaiserhoff
kaiserhoff's picture

From what I see on the road, every illegal and his dog already owns a new Pick Up Truck.

If you can't move tin at zero rates, you might have a problem.

Tue, 10/01/2013 - 15:12 | 4011000 TruthInSunshine
TruthInSunshine's picture

Whisper rumor that you will either be treated by physician or auto mechanic at ObamaCare appointment - luck of the draw.

Tue, 10/01/2013 - 15:15 | 4011018 Skateboarder
Skateboarder's picture

I'll take the auto mechanic. At least he's not 250K in debt and a ward of the state forevers...

Tue, 10/01/2013 - 15:20 | 4011042 Zer0head
Zer0head's picture

actually you'll be treated by the clerk at Walgreens

 

believe it

 

http://www.bloomberg.com/video/how-obamacare-impacts-the-business-of-pha...

Tue, 10/01/2013 - 15:30 | 4011091 Skateboarder
Skateboarder's picture

When you have a population that doesn't give a fuck about the source, content, and side-effects of any given magic pill, yet it is willing to pop that shit like M&Ms, what difference does it make that the 'prescription' comes from a 'doctor' or a 'pharmacist' or a regular clerk who hands the stuff out everyday?

Furthermore, when you have a population in which its doctor subset has been brainwashed to suck the dick of bigPharma, what good is a doctor anymore?

Tue, 10/01/2013 - 16:02 | 4011260 WillyGroper
WillyGroper's picture

+100

Tue, 10/01/2013 - 17:01 | 4011564 Tijuana Donkey Show
Tijuana Donkey Show's picture

At the pharm team glory hole. Doctor=Dealer

Tue, 10/01/2013 - 15:32 | 4011098 kaiserhoff
kaiserhoff's picture

True Story.

A friend was having no end of back trouble and was tired of the run around.

He told the Doc if things didn't improve, he would take his business to Bob's Wheel and Body Alignment.

Tue, 10/01/2013 - 17:03 | 4011570 Tijuana Donkey Show
Tijuana Donkey Show's picture

Tell him to get checked for a hernia. I went through it for 2 years until it blew out!

Tue, 10/01/2013 - 15:07 | 4010971 kralizec
kralizec's picture

Yeah, too bad the euphoria from the resulting explosion wears off quickly because of the next round of bailouts...  ;(

Tue, 10/01/2013 - 15:15 | 4010990 Emergency Ward
Emergency Ward's picture

Help, Obama Volt drive in ditch, is not can drive out.

Tue, 10/01/2013 - 15:17 | 4010980 Emergency Ward
Emergency Ward's picture

An Obama Volt for every garage.

Tue, 10/01/2013 - 15:08 | 4010984 Skateboarder
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With built-in drone coverage!

Tue, 10/01/2013 - 15:13 | 4011004 kralizec
kralizec's picture

Part of the OnStar/NSA package...

Tue, 10/01/2013 - 16:17 | 4011361 FreedomGuy
FreedomGuy's picture

Call it the Snowden Tech Package

Tue, 10/01/2013 - 15:58 | 4011244 azzhatter
azzhatter's picture

Love to see the explanation from Phil LaBlow with the jizm still on his cheeks

Tue, 10/01/2013 - 16:38 | 4011448 Wahooo
Wahooo's picture

I love this news. In the market for a new set of wheels, so bring on the incentives baby!

Tue, 10/01/2013 - 15:02 | 4010941 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

It's good, it's bad, it's bad, it's good.

UP is down, Black is white.

Got it?

Tue, 10/01/2013 - 15:07 | 4010963 Boris Alatovkrap
Boris Alatovkrap's picture

<-- Make better car

<-- Moar better union pension

Tue, 10/01/2013 - 15:11 | 4010995 kralizec
kralizec's picture

It's a Soviet choice, there is only bad union made car and bloated union salaries & bene's leading to more bailouts...

Since the last round saw the bondholders get royally fucked, there is only government financing on goverment terms...

Pah!

Tue, 10/01/2013 - 15:12 | 4011003 Skateboarder
Skateboarder's picture

When ze bond bubble pops, no more pensions for anyone.

Tue, 10/01/2013 - 15:03 | 4010947 Grande Tetons
Grande Tetons's picture

Even at zero percent interest, the facts do not change. 

There are less mother fucking potential buyers. 

Tue, 10/01/2013 - 15:08 | 4010978 kaiserhoff
kaiserhoff's picture

All you need is four part time jobs and...

   naw, you're right.  It would cost more than your wages to drive to all those damn jobs.

Tue, 10/01/2013 - 15:45 | 4011146 Grande Tetons
Grande Tetons's picture

What does a scooter and a fat chick have in common?

Both are fun to ride until your friends find out. 

Tue, 10/01/2013 - 15:45 | 4011171 RockyRacoon
RockyRacoon's picture

Real friends wouldn't mind... in either case.

Tue, 10/01/2013 - 15:51 | 4011209 Grande Tetons
Grande Tetons's picture

Was a joke, Amigo. 

Tue, 10/01/2013 - 16:01 | 4011257 MisterMousePotato
MisterMousePotato's picture

A friend is someone who'll help you move house.

A real friend is someone who'll help you move a body.

Tue, 10/01/2013 - 16:09 | 4011294 Grande Tetons
Grande Tetons's picture

Especially a fat body. 

Better known as the coroner of ANNA NICLOLE SMITH rule. 

Tue, 10/01/2013 - 16:08 | 4011307 superflex
superflex's picture

Try riding a scooter to the golf course with your clubs or over to a friends in a downpour.

Go save a puppy or something.

Tue, 10/01/2013 - 16:17 | 4011349 LetThemEatRand
LetThemEatRand's picture

I think his point is that a lot of people simply don't have a choice especially in places with crappy (or scary) public transportation.  Welcome to the new working poor middle class.  Ford knew that his workers needed to afford what he was selling.  The MBA's running the shit show now just know how much money they can save by making shit overseas.

Wed, 10/16/2013 - 21:58 | 4063488 RockyRacoon
RockyRacoon's picture

I have a car, pea-brain.   And I don't play golf.  You're one of those folks who thinks that a gold-bug owns nothing else and lives under a bridge someplace.

You're a grumpy old coot ain't ya?

Tue, 10/01/2013 - 15:04 | 4010948 kurzdump
kurzdump's picture

Engineered crisis? Or why breaks all hell loose all of a sudden?

Tue, 10/01/2013 - 15:13 | 4010987 Grande Tetons
Grande Tetons's picture

This crisis has been engineered more than Justin Bieber's career. 

 

My only hope is that Bieber and the market crash side by side. Somehow, the world will be a better place. 

Tue, 10/01/2013 - 15:03 | 4010954 SheepDog-One
SheepDog-One's picture

Probably equity-bullish for at least another .5% by close. 

Tue, 10/01/2013 - 15:05 | 4010956 FieldingMellish
FieldingMellish's picture

Good for 10 more points on the Dow.

Tue, 10/01/2013 - 15:05 | 4010968 slaughterer
slaughterer's picture

Cars are a luxury that our fellow citizens must do without as they focus on their health insurance paymens.  

Tue, 10/01/2013 - 15:14 | 4011009 kralizec
kralizec's picture

Serfs were meant to pull their betters around in rickshaws anyway...plus all that running will either get them into shape of cause them to die off...either way it's win-win-win for Fedcoats!

Tue, 10/01/2013 - 15:08 | 4010976 slaughterer
slaughterer's picture

Need .... 3:30pm Ramp Capital ... to ramp ... the close ... make it all seem bullish ... and under control.  

Tue, 10/01/2013 - 15:14 | 4011005 syntaxterror
syntaxterror's picture

Time for a $5000 tax credit on government-approved vehicle purchases. Along with 0% interest government-guaranteed 10 year loans.

Tue, 10/01/2013 - 15:14 | 4011010 gjp
gjp's picture

Can't believe light trucks still outselling cars.  What a world.

Tue, 10/01/2013 - 15:39 | 4011135 JohnG
JohnG's picture

Easier to live in because you can lie down comfy in the bed.

Tue, 10/01/2013 - 19:32 | 4012047 The_Dude
The_Dude's picture

Cause some people still do real work, a-hole....

Tue, 10/01/2013 - 15:16 | 4011013 Bear
Bear's picture

TSLA well positioned to pick up the slack in the GM numbers ... people who can't afford a Chevy, maybe they'll buy a Model S

Tue, 10/01/2013 - 15:17 | 4011028 yogibear
yogibear's picture

Less suckers to take on subprime auto loans.

 

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