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US Domestic Vehicle Sales Disappoint In January, Drop For 2nd Month
All day mainstream media has been crowing about Auto sales being mind-blowing... record-breaking... colossal... so we have a simple question... when Ward's released its US Domestic Auto Sales (SAAR) data this afternoon... why did it miss expectations and show a 2nd monthly drop in a row? January printed 13.31 million cars SAAR, missing expectations of 13.5 million and dropping from December's 13.46 million SAAR.
Paging Phil LeBeau?
Charts: Bloomberg
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Most young critters can't afford a new ride. My son who's making good coin, got a raise, bonus etc, says, naw and banks it. Houston there might be a problem.
Can negative interest rate auto loans be far behind?
Just a matter of time before "Shitty Bank",with a little help from Congress,starts backing negative interest rate car loans and pawning them off to "yield hungry" sheeple....
Sure why not. anything to stop deflation. Like in Denmark, were they pay you to get a mortgage.
Looks good to me
http://m.leftlanenews.com/january-sales-.html
TYPO
I believe they mean "Domestic vehicles disappoint" !
John Sousanis at Wards Auto: January 2015 U.S. LV Sales Thread: Trucks Spur Strong January Sales
Gubmint Motors makes nothing I want to own or drive and is it true that it has recalled more cars than it has sold?
Promotion: Buy 100 shares of Shake Shak and get a car!
nope I got a better deal for the sheeple
buy only MERIKAN car with a guarantee 100% loan that you don't need to pay back plus we will give you a bonus just for you A lifetime membership to Shake Shak you must purchase a min of 10k shares to qualify
this is our way of saying thank you Sheeple
can i put my stawks on my shitty bank card?
"when Ward's released its US Domestic Auto Sales (SAAR) data this afternoon... why did it miss expectations and show a 2nd monthly drop in a row?"
Why does anything happen these days, Tyler? The weather? Gas prices? Sun spots?
Who cares? All I know is this: you better damned well buy some stawks.
Greece must be to blame.
And yet a complete opposing view. Who do you believe? Is the truth somewhere in the middle?
The “big three” Detroit automakers had a great month. Ford Motors (F) saw sales jump 15.3%, and the new aluminum F-150 grew by 16.8% marking the companies best January for truck sales since 2004. General Motors (GM) saw sales grow by 18.3% year-over-year and Chrysler (FCAU) grew 14%, marking its best January since 2007.
http://finance.yahoo.com/news/2015-will-be-a-huge-year-for-automakers-21...
Lablow is sucking off Obama right now. He'll get back to you
But but cnbc said folks are buying big trucks and SUVs Gain
Nah! CNBC folks drive Hybrid vehicles. To show they ain't raciss.
Has to be the weather. Even the FSA doesn't want to go get a freebee in the snow.
can u deliver mah free shit? battery on mah free hover-round done dyed.
I'd buy a car if I had a jerb. An american made one. Mustangs have chinese transmission unless you get the automatic, then it's German. My suburban is amde of cheap chinese steel & is rusted out.
Goverment Motors China Cadilac division must be basking in cash. Meanwhile, GM will become the number one rated over Proton in automobile recalls.
Look how roomy this car is.. mmm, mmm, mmm. 1" of snow or 2" of water should send this bitch floating into the ditch.
http://www.proton.com.my/
I'm tired of all the bs. Everything is bs. The new suv's are somewhat nicer, but 70k for a suburban is just more bs, a loan you could never pay back. Who has a job they feel secure in ? 30k for most cars, same deal, they all suck. Not good enough to justify enslavement for 72mos. Better off with a 5yr old cluncker, or even a 10yr old. New cars are just a reason to sell loans.
Not unless I just made a killing on my house with 0 money down.
Bought a garage kept 2000 4x4 suburban for 3 k .leather all the goodies with new tires . That was 3 yrs ago.
The good news it that bicycle sales are wayyyy higher!
Did Obama's "stash" finally run out of cash?
Buying a new car on credit is just pissing away one's cash. Don't borrow to buy a rapidly depreciating asset.
Car go beep beep!
"paging phil Labeau" dat sheeeit funny
Cars cost waaay too much. I remember when you could buy a new 'Vette for under $6K. Good news is, if you do your research and are patient, you can find a very fine used vehicle with low miles that has already depreciated out. It's transportation vs ego. I choose transportation.
GM has the following on their Annual Report:
Production and Vehicle Sales Volume
"Management believes that production volume and vehicle sales data provide meaningful information regarding our automotive operating results. Production volumes manufactured by our assembly facilities are generally aligned with current period net sales and revenue, as we generally recognize revenue upon the release of the vehicle to the carrier responsible for transporting it to a dealer, which is shortly after the completion of production. Vehicle sales data, which includes retail and fleet sales, does not correlate directly to the revenue we recognize during the period. However, vehicle sales data is indicative of the underlying demand for our vehicles, and is the basis for our market share."
So in plain terms, GM is stuffing the dealer channel to the gills with vehicles so they can then turn around and recognize the revenue for each vehicle as if it has "sold" to a consumer. It has nothing to do with dealer sales to actual consumers In fact.. when we look at the dealer inventory posts here on ZH... we see the clear truth (obfuscation) of auto "sales"...
Ward's coming to a different conclusion is no surprise...
Europe's Commercial Vehicle Sales Fall In December
2 February 2015, (RTT)
http://www.rttnews.com/2449739/europe-s-commercial-vehicle-sales-fall-in-december.aspx
Our Honda Civic (our only car, which we purchased new) is about to turn 19 y.o.; we've put about 110k miles on it. It still drives perfectly. If were weren't surounded by monstrously bigger cars we'd just keep it, but I find myself thinking that we're going to be squished like bugs. I just hate the idea of buying a new car; we'd pay cash; it would be real money. Probably a Honda Accord. We're not buying used, since per the studies I've read, if you keep a new-bought car long enough it matches the cost of buying used, and I don't want to purchase someone else's crappy maintenance.
last nifgt i saw a Buick commercial with $5000 rebates. some recovery.
Who the fuck can afford a severely depreciating asset in this economy?