This page has been archived and commenting is disabled.

GM Channel Stuffing Soars To All Time High

Tyler Durden's picture





 

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

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 03/01/2012 - 15:33 | Link to Comment Downtoolong
Downtoolong's picture

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.

Thu, 03/01/2012 - 15:37 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

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?

Thu, 03/01/2012 - 16:22 | Link to Comment Ace Ventura
Ace Ventura's picture

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.

Thu, 03/01/2012 - 16:01 | Link to Comment Seasmoke
Seasmoke's picture

Steve Case to the rescue !

Thu, 03/01/2012 - 17:35 | Link to Comment FlyoverCountryS...
FlyoverCountrySchmuck's picture

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?

Thu, 03/01/2012 - 22:57 | Link to Comment RingToneDeaf
RingToneDeaf's picture

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.

Fri, 03/02/2012 - 01:51 | Link to Comment cnhedge
cnhedge's picture

the inventory build up will bite back.

http://www.jinrongbaike.com/
http://www.cnhedge.com/

Do NOT follow this link or you will be banned from the site!