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GM Channel Stuffing Soars To All Time High
Did channel stuffing expert AOL quietly merge with a Government Motors without anyone's knowledge? Because making record amounts of cars only to have them amortize rapidly in showrooms must be some New Normal definition of a recovery.
Source: GM
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I don’t plan to buy a new car to replace my present one for at least four more years. But, maybe I should start checking out this year’s models, since there’s a good chance what I’ll be buying in four years is a four year old car that’s never been driven.
seems they sell all those cars at midnight madness sales..otherwise driving by dealers here in my area 9 to 5 there is no one even looking at cars? gotta wonder how many cars the gov fed state and local are sucking up?
I often wonder about this myself. Tons of inventory on the lots, no one looking. On the days I do see people looking, there aren't many. Where do all the hundreds of units on the lot eventually go if people aren't buying them? I'd love to see some time lapse video of a full 120-day period.
Steve Case to the rescue !
Gotta boost those Obama Economic Production numbers for election propaganda, doncha know. What good is GOVERNMENT owning a car company if it can't use it for propaganda?
And with GMAC/ALLY buying 450 Credit Score Credit Criminals on all of these new cars, WHAT COULD POSSIBLY GO WRONG? And besides, who cares, it's just taxpayer money, anyway. It's not like Obama has any of his own money in this game.
What is 10's of billions of dollars in wasted tax money, compared to the continued glory of THE MESSIAH OBAMA?
667,000 times $10,000 per car is $6,670,000,000.
What were the earnings some $7,000,000,000 in 2011?
See! It is all on the level.
the inventory build up will bite back.
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