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GM Channel Stuffing Surges To All Time Record

Tyler Durden's picture


In the past two months, everyone has been scratching their heads just how it is possible that the US manufacturing base continues to chug along at pre-recession levels even as the world all around America burns? Today, GM may have given the answer, courtesy of its monthly disclosure of car sales which at the top line is completely irrelevant as the funding for these purchases comes almost entirely from subprime loans handed out by the government to NINJAs. What is interesting is the little blurb in every monthly report discussing the amount of dealer inventory, a topic well-known to frequent readers of Zero Hedge which has discussed GM's pervasive channel stuffing in the past, and which subsequently went quite mainstream. So how does November channel stuffing stack up? As the chart below shows, at 623,666 cars, it is an all time absolute record, and represents about 3.5 times the total GM vehicles sold in November! It is also a 31k increase in the past month, and 85k cars more in inventory than in July. Because when economic growth at all costs is needed to demonstrate just how viable America is, and a semi-nationalized car marker is one of the only conduits to "generate" economic growth, it does not matter if the end product is actually demanded or will simply corrode and rust in some dealer showroom in perpetuity. After all it is the act of building the car that matters for various monthly PMI, CMI, regional Fed and GDP purposes. Pretty much exactly like in China's goal seeked "economy." So the next time someone asks just how is it that the miraculous US decoupling continues, please point them to this chart.


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Thu, 12/01/2011 - 18:18 | 1936505 Manthong
Manthong's picture

Should be some good new "Re-po Man" reality show episodes in the making.

Thu, 12/01/2011 - 18:19 | 1936514 trav7777
trav7777's picture

The greens need to start protesting the Volt for all the emissions it pollutes the atmosphere with....when it burns up

Thu, 12/01/2011 - 18:25 | 1936537 candyman
candyman's picture

The Volt will do wonders for the coal industry, I love that little car. Come on tree huggers, get on board.

Thu, 12/01/2011 - 18:37 | 1936589 GubbermintWorker
GubbermintWorker's picture

Yeah, my coal etf could use a little nudge!

Thu, 12/01/2011 - 19:54 | 1936754 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Betting on coal is like betting on the Brittish Empire in the 19th Century.

Thu, 12/01/2011 - 20:07 | 1936773 clymer
clymer's picture

I'm sorry, "tycoon" matchmaker?

Thu, 12/01/2011 - 20:17 | 1936796 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

What will we do?  Use coal liquids?  That worked wonders for Hitler and his Nazi party after they had their oil supply cut off from the US.

Thu, 12/01/2011 - 21:47 | 1936977 Almost Solvent
Almost Solvent's picture

Dilithium Crystals?

Thu, 12/01/2011 - 22:32 | 1937080 YBNguy
YBNguy's picture

TD, where is the update about GM buying back all the volts due to unknown fire issues?

Fri, 12/02/2011 - 00:50 | 1937372 Oh regional Indian
Oh regional Indian's picture

Seriously folks. Seriously. What a fall eh? From the company that gave us the Sting Ray, we now get the Volt.

The crash of the US Auto industry so mirrors the crash of the USSA. And Detroit is fractally the withered center of it all. 

Quite the study in social anthropology.



Thu, 12/01/2011 - 20:20 | 1936786 Max Fischer
Max Fischer's picture




I respectfully disagree with your assertion that most of GM's sales come from subprime loans.  If you offer some proof of that, I'll gladly admit my error.

Furthermore, your claim that NINJA loans are back at GM is not accurate, either.  GM's subprime arm is AmeriCredit, and they require proof of income on absolutely - no exception - all loans.

Additionally, GM dealerships are able to choose from a wide variety of subprime lenders, all of whom have their own individual underwriting standards.  These lenders serve the ENTIRE car business, not just GM.  Dealers simply choose which lender pays out the most "reserve" (interest) kickback and largest advance (front end gross profit).

I'm not trying to be a jackass.  Just trying to help expose the truth, for better or worse.

Max Fischer, Civis Mundi 


Thu, 12/01/2011 - 20:40 | 1936847 fuu
fuu's picture

Hmm. Where have we heard this before?



I respectfully disagree with a point in your article. With regard to car sales, you're connecting dots that simply cannot be connected. 

You claim the surge in car sales is due to GM's subprime loans, but you provide no proof of that.  You simply provide a link to a MarketWatch article from the summer of 2010 when GM purchased AmeriCredit.  Do you thinkall car sales are anchored to AmeriCredit? In other words, is the balance sheet of AmeriCredit a mirror of the entire car business?  Furthermore, do you think all GM's subprime loans go to AmeriCredit? Where's your forensics of AmeriCredit's portfolio and of GM's sales?

You're cynically trying to say that the surge in car sales is directly rooted in GM's subprime loans, and this just isn't correct.  I think you're trying to make it look like GM's only business is subprime, and that the only reason car sales have surged is due to GM ratcheting up their subprime portfolio. 

And this is just false.

We want truth, not propaganda.  If you insist on spinning everything negative, then you're no different than CNBC who spins everything positive."

Thu, 12/01/2011 - 21:32 | 1936941 infinity8
infinity8's picture

I'm starting to think he's is another personality of MDB. He's right about how GM and all the others put a deal out on the wire and see who'll take it but, they all have their in-house specials for the ones that can't get bought or that won't fly. Subprime is totally back on both levels.

Thu, 12/01/2011 - 20:47 | 1936860 deez nutz
deez nutz's picture

Max, Max, Max ......

During the Dallas game on thanksgiving GM ran several ads for the Silverado.   They included the financing:  0% for 6 years.   How many subprime lenders, other than Uncle Sugar, lend money for 0%?   They can barely get the jim-bobs back into the dealership let alone sell them 4% interest on a truck loan.  Talk to anyone with a new GM and you get the same answer:  ZERO INTEREST LOAN!!!!!!

Talk to real people on the street and you'll find your proof.  They fogged the mirror and won the prize at the GM dealership.   Lucky them.



Thu, 12/01/2011 - 21:07 | 1936895 Freddie
Freddie's picture

Si Si Puede!  GM = the muslim's car company. He and Jon Corzine are the leaders of the Democrat Party.

Fri, 12/02/2011 - 01:35 | 1937427 Axenolith
Axenolith's picture

I wasn't ever going to buy GM after their backstabbing of Saturn, but they are practically giving trucks away compared to Ford, and I have a near 20 year relationship with the people at the dealership, and bought a Silverado in July.  It was loaded, and in the range of 15-20K less than a comparable F-150 (which Ford has actually been making worse over time IMO, we have late 90's to a 2011 at work, we call the 2011 "the Enemy" and "Blind Spot"). 


The financing was 3.75% on a 66 month loan and I put 2K on it to get the payment under $400, no docs, but then again I've bought 5 new vehicles at the place over time. 

Fri, 04/13/2012 - 10:12 | 2341441 kall
kall's picture

I agree, they do have some offers that are hard to refuse these days, I think GM is leading a survival mode strategy and I think that's wise of them, I read few news about it on I would buy a GM if I had the money today, after all I would be supporting the local economy.

Fri, 12/02/2011 - 01:20 | 1937409 Axenolith
Axenolith's picture

The British Empire was a pretty sure bet throughout the 1800's so you either think coal is a good bet (which it is 'cause you can do a lot of stuff with it and it's got awesome chemical energy density), and have a brain, or think that 19th century = 1900's (when the British Empire began it's slide to oblivion) and don't like coal for irrational or ignorant reasons and are a dumbass...


Which be it?

Thu, 12/01/2011 - 18:37 | 1936590 c0ncerned citizen
c0ncerned citizen's picture

I hope the tree huggers keep buying them.  We will see Darwins work again!!!

Fri, 12/02/2011 - 06:58 | 1937736 krispkritter
krispkritter's picture

Dar-Winning!  Have you hugged your Volt today?

Fri, 12/02/2011 - 12:02 | 1938695 gloogle
gloogle's picture

And did you live to tell about it?

Thu, 12/01/2011 - 18:41 | 1936610 LawsofPhysics
LawsofPhysics's picture

Yeah, I've got some of those energy stocks too.  Can't wait to get a Volt for a few ounces of silver.

Thu, 12/01/2011 - 18:51 | 1936631 DB Cooper
DB Cooper's picture

What a farce electric cars are.

Thu, 12/01/2011 - 19:44 | 1936737 Carlyle Groupie
Carlyle Groupie's picture

We need the big fucking V-12's. 675 horsepower to get to Walmart. Buy a scented candle and fucking come home. 8 miles round trip. 12 gallons of shiz burned! Bitchez! Yea!

Thu, 12/01/2011 - 20:59 | 1936885 smiler03
smiler03's picture

I think electric cars are a great addition to the choice of vehicles.

But only if electricity is too cheap to meter otherwise they're just stupid. Also the purchase prices are not for financially sane people.

Thu, 12/01/2011 - 21:28 | 1936922 Translational Lift
Translational Lift's picture

All these dumb-fucks riding around in their elec-cars thinking how cool they does all that electricity for the cars come from??  Why of course...COAL, OIL, GAS, NUKE and some HYDRO and minor bits of wind and solar.  So what REALLY powers the electric Car??

Fri, 12/02/2011 - 01:37 | 1937431 Axenolith
Axenolith's picture

Atlantean zero point modules.

Fri, 12/02/2011 - 12:03 | 1938701 gloogle
gloogle's picture




Thu, 12/01/2011 - 23:51 | 1937241 sun tzu
sun tzu's picture

or you could just get a honda accord that gets 23/34mpg or maybe a civic that gets 30/40mpg and costs 50 to 75% as much as a volt and doesn't catch fire or break down  like a government motors car

Fri, 12/02/2011 - 08:15 | 1937785 Taint Boil
Taint Boil's picture



The Chevy Volt is a scam and the Hummer is more earth friendly than the Prius - report here. Just basic science ..... amazing how people can't grasp the basic laws of physics, etc. Well off to Walmart I go to buy some plastic from China, chow!

Sat, 12/03/2011 - 20:29 | 1942627 BlakeFelix
BlakeFelix's picture

LOL that report had the average hummer H1 lasting 35 years and going 350,000 miles!  That's hilarious.

Thu, 12/01/2011 - 18:31 | 1936568 ghengis86
ghengis86's picture

or protest the pollution from shitting GM shares all over the place.  $20.96 today, not even plumbing its latest low of $19.05...what did it IPO at again?

Thu, 12/01/2011 - 19:06 | 1936661 Mentaliusanything
Mentaliusanything's picture

I'm a "value investor" - do you think it time to go all in?

I mean, after all it's not like it can go broke, well , permanantly.

Personally I'm waiting for Warren to give me some direction.


Thu, 12/01/2011 - 21:30 | 1936930 Translational Lift
Translational Lift's picture

He already did...he bought in big to that Chinese elec-car Co.  Go for it Dude!!

Thu, 12/01/2011 - 19:08 | 1936665 Rainman
Rainman's picture

uh, believe it was 32 fiatscos and a pence or two. I seem to recall GM disclosing its internal controls were missing before issue, no..?? It got slurped up anyway. 

Thu, 12/01/2011 - 19:57 | 1936756 Mr Lennon Hendrix
Mr Lennon Hendrix's picture


Scull and Bones, bitchez!

Thu, 12/01/2011 - 18:49 | 1936627 High Plains Drifter
High Plains Drifter's picture

it also catches on fire too sometime, which the new owner would surely appreciate after being screwed for the money they charge for that piece of shit.....

Thu, 12/01/2011 - 19:07 | 1936663 Spastica Rex
Spastica Rex's picture

Is the Volt selling? I think it's ghey.

Thu, 12/01/2011 - 20:21 | 1936807 robertocarlos
robertocarlos's picture

Jay Leno's daily driver is a Volt. He put on 11,000 miles so far and has used 1/2 tank of gasoline in one year.

Thu, 12/01/2011 - 22:49 | 1937120 RmcAZ
RmcAZ's picture

In fact, they are so awesome, that GM wants to buy them back:

Thu, 12/01/2011 - 19:20 | 1936692 Piranhanoia
Piranhanoia's picture

You like riding a bomb when you drive, you're just that kind of guy.   See, hey put this holllow box under yours and fill it with an explosive used by terrorists everywhere.  They get to scrimp on quality and safety because no one sees it.  They put electrical contacts near it, and exhaust systems hot enough to ignite it, and then to make it better, they put it where it will collapse in an accident and open up.

You ever seen one burn with people inside?   

Thu, 12/01/2011 - 19:37 | 1936724 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

It's not really called the Volt, it's really the GM Pinto!

Calling Ralph Nader...

Thu, 12/01/2011 - 18:22 | 1936526 Au_Ag_CuPbCu
Au_Ag_CuPbCu's picture

Not if they can't sell the cars.

Thu, 12/01/2011 - 18:39 | 1936602 Sudden Debt
Sudden Debt's picture

HEY! If the economy totally recovers and even grows 50%, THEY will be prepared and will be able to sell every American + aliens 2 cars each! Now YOU tell ME which brand will be able to do the same smartpants!

Thu, 12/01/2011 - 18:52 | 1936622 Au_Ag_CuPbCu
Au_Ag_CuPbCu's picture

Well, if you factor in the spontaneous combustion feature it is really more like 1 each, but you make a good point (just need to get that 50% growth thingy going). LOL

Thu, 12/01/2011 - 18:55 | 1936563 bigdumbnugly
bigdumbnugly's picture

yep manthong.  except the re-po man viewers might figure they're just reruns and switch channels.  "ahh it's the GM car one again.  seen it!"

Thu, 12/01/2011 - 20:25 | 1936812 Tijuana Donkey Show
Tijuana Donkey Show's picture

No one is taking back Chevy's, maybe a Ford or Honda, but not a Chevy. 

Fri, 12/02/2011 - 16:03 | 1939630 monoloco
monoloco's picture

I love my new Escalade, I sure hope congress extends my unemployment benefits so I can keep making my payments, I'd sure hate to lose it with only 7 more years until it's payed off. I'm thinking about getting a new big screen TV next, so I'll be more comfy in my mom's basement.

Thu, 12/01/2011 - 18:18 | 1936510 jcaz
jcaz's picture

Why not?  GM is no dummy-  if they fuck up again, they know the guberment will bail them out again.....

Thu, 12/01/2011 - 18:31 | 1936567 Motorhead
Motorhead's picture

Absolutely no incentive to put out a good, safe product.  N'Obama's pay-back to the UAW was, in his mind, a rousing success.

Thu, 12/01/2011 - 21:09 | 1936898 Freddie
Freddie's picture

Obama and Jon Corzine = leaders of the Democrat Party

Thu, 12/01/2011 - 21:53 | 1936983 Almost Solvent
Almost Solvent's picture

Why are you leaving out the effing ring leader Axlrod?

Thu, 12/01/2011 - 18:18 | 1936511 Gamma735
Gamma735's picture

Isn't Ally Bank making a lot of high risk credit car loans?

Thu, 12/01/2011 - 18:33 | 1936576 Atomizer
Atomizer's picture

Sign, drive and repo financing plan

Thu, 12/01/2011 - 19:19 | 1936688 Rainman
Rainman's picture


Thu, 12/01/2011 - 18:19 | 1936515 Motorhead
Motorhead's picture

GM offers to buy back Chevy Volt lemons.  What a fucking joke.  But remember, it's the ampres, not the volts.

Thu, 12/01/2011 - 18:25 | 1936535 bigdumbnugly
bigdumbnugly's picture

yeah.  also keep in mind that you're safer as long as you stay inside those electrified death traps and don't try stepping out of the car to ground.

or maybe not.  i better check the owner's manual again.

Thu, 12/01/2011 - 18:34 | 1936582 Sancho Ponzi
Sancho Ponzi's picture

Excess Inventory Solution:

Place Chevy Volt in middle of lot and watch all the inventory burn to the ground.

Thu, 12/01/2011 - 18:41 | 1936609 Sudden Debt
Sudden Debt's picture

I'll never buy a volt or a ampres. I'm waiting for the shortcircuit turbo!

Thu, 12/01/2011 - 19:51 | 1936749 Carlyle Groupie
Carlyle Groupie's picture

I don't think they make those for handicaps.

Thu, 12/01/2011 - 20:50 | 1936868 Long-John-Silver
Long-John-Silver's picture

I would take one if they gave it to me. I have plenty of property so I can park it away from the house so if it burns up the house and shop are safe. Wait a minute, if I do that how do a recharge it? Never mind!

Thu, 12/01/2011 - 18:20 | 1936516 LouisDega
LouisDega's picture

Wow, Thats not good.

Thu, 12/01/2011 - 18:20 | 1936523 JustObserving
JustObserving's picture

Greenspan wanted to burn down surplus housing.  The Chevy Volt does that quite well.  Hope that technology has been adapted across all GM lines.  What inventory problem?

Thu, 12/01/2011 - 19:47 | 1936745 Bunga Bunga
Bunga Bunga's picture

Simply park all Volts in surplus home's garages. Housing + autos solved. Economy booming. Obama reelected.

Thu, 12/01/2011 - 18:24 | 1936528 yogibear
yogibear's picture

It's Obama motor's cash for clunker time again?  How about a volt for $15K, courtesy of government motors?

The volts that catch on fire are the Fiero models.


Thu, 12/01/2011 - 18:44 | 1936615 Sudden Debt
Sudden Debt's picture

Good idea! Let's put that in the idea box!
Let's just say that every car with more than 1000 miles on the ticker is a clunker... And if they give 30.000 dollar for each cluncker... And sell new cars for 20.000 dollars..... And drive every new car on the rolers untill 999 miles.... We might get the economy rolling again!

Thu, 12/01/2011 - 19:01 | 1936650 Boxed Merlot
Boxed Merlot's picture

This is nothing new.  Japan's been doing a form of this for years.  Where did you think all those remanufactured engines shipped to the US came from.


And we all know how good a shape Japan's economy is doing.

Thu, 12/01/2011 - 18:50 | 1936629 High Plains Drifter
High Plains Drifter's picture

electrical fires around gas tanks are cool.  

Thu, 12/01/2011 - 18:24 | 1936533 San Diego Gold Bug
San Diego Gold Bug's picture

I am stuffing gold and silver into my Chritmas family stockings this year!  I can't beleive anyone bought  a Volt....must be the same people who watch Dancing with the Stars!

Thu, 12/01/2011 - 18:27 | 1936547 buzlightening
buzlightening's picture

Shut up or my smartcar will ram you.  .999 fine myself

Thu, 12/01/2011 - 18:39 | 1936597 GubbermintWorker
GubbermintWorker's picture

I have the ultimate "smart car".......clear title, no payments.

Thu, 12/01/2011 - 18:43 | 1936613 buzlightening
buzlightening's picture

Not a lick of debt myself and standing way outside the spend your way to prosperity western bankstering muggers. 

Thu, 12/01/2011 - 19:43 | 1936732 Mr. Lucky
Mr. Lucky's picture

I saw a Smart car after an accident on the Grand Central Parkway.  The occupants who continued their journey in an ambulance under went the bug in jar treatment.

Thu, 12/01/2011 - 20:48 | 1936864 NotApplicable
NotApplicable's picture

I've seen them entering the interstate during heavy traffic, or should I say trying, as the concept of reaching traffic speed is not an option.

Must do wonders for the blood pressure.

Thu, 12/01/2011 - 18:32 | 1936571 Motorhead
Motorhead's picture

I'm not sure even a Dancing with the Stars watching clown would buy a POS such as a Chevy Volt.

Thu, 12/01/2011 - 22:43 | 1937107 Bansters-in-my-...
Bansters-in-my- feces's picture

For a minute there i thoght you said you were stuffing gold and silver into "your familys christmas stocking".


Where should I hang my stocking...?

Thu, 12/01/2011 - 18:25 | 1936538 buzlightening
buzlightening's picture

I BELIEVE!  Match my sack of rocks to your hammers any ole day. 


Now for the educational US grad ceremony.  One pet rock for you, and you , and you you you you.  LOL Freedumb reigns. 

Thu, 12/01/2011 - 18:26 | 1936543 DoChenRollingBearing
DoChenRollingBearing's picture

Hyundai does not have to channel-stuff down here in Peru.  They SELL the cars people here want.  And they are selling lots (of their Kia brand as well).

I just arrived.  The local economy is doing just fine.  I see lots of brand new Brazilian buses and trucks (VW Brazil).

It´s almost summer as well.  Already I am starting to gain weight...  Life is good.

Thu, 12/01/2011 - 19:52 | 1936752 Doug
Doug's picture

Just drove home a new Kia Sorento yesterday.  Thank you, Europe, for causing a crush of demand into Treasuries - giving me a nice 4% rate on my refinance and a 2% rate on my auto loan.  Oh, and before I forget, thank you, Ben Bernanke, for being insane.


Thu, 12/01/2011 - 20:36 | 1936833 jcaz
jcaz's picture

Gotta admit, I own a Hyundai Sonata Hybrid- and not because I give even the slightest shit about the "green factor" or whatever-  it's just a cool car, and fun to drive-  sneaking up on the cashier at McDonalds is worth the couple grand in premium I paid for it verses the gas version.......

If GM built cars up to the standard that Hyundai/Kia is, they wouldn't have over-stuffed channels to deal with.....

Thu, 12/01/2011 - 22:20 | 1937044 Cruel Aid
Cruel Aid's picture

I've got a Kia.

I love burning gas, I just don't like wasting it.

Thu, 12/01/2011 - 18:30 | 1936544 GeneMarchbanks
GeneMarchbanks's picture

Gubmint Motors did what now?

GM is mainly a banking business now that makes cars on the side so we're fine.

Thu, 12/01/2011 - 18:27 | 1936549 pacdm
pacdm's picture

The high end cars were down in sales  too, Buick and Cadillac 



Thu, 12/01/2011 - 18:28 | 1936551 Atomizer
Atomizer's picture

GM will be hard pressed on giving away the remaining Chevy Volt inventory to meet year end sales forecast.

Thu, 12/01/2011 - 18:28 | 1936552 fonzanoon
fonzanoon's picture

whats a NINJA?

Thu, 12/01/2011 - 18:33 | 1936573 GeneMarchbanks
GeneMarchbanks's picture

A masked karate master.

Also a loan made to people with:

No Income No Job or Assets.

Thu, 12/01/2011 - 18:33 | 1936578 c0ncerned citizen
c0ncerned citizen's picture

No Income, No Job, Application

Thu, 12/01/2011 - 18:57 | 1936641 fonzanoon
fonzanoon's picture

Thank you kindly

Thu, 12/01/2011 - 18:28 | 1936553 john39
john39's picture

no one can be told what the matrix is, they must see it for themselves...

Thu, 12/01/2011 - 18:30 | 1936557 yogibear
yogibear's picture

Thought China was going to start exporting cars to the US?  That would make matters worse for GM, Ford and Chrysler.

Thu, 12/01/2011 - 18:31 | 1936562 Normalcy Bias
Normalcy Bias's picture

Buyers? We ain't got no buyers. We don't need no buyers. I don't have to show you any stinking buyers!

Thu, 12/01/2011 - 18:30 | 1936565 Mark123
Mark123's picture

Is there some way to break down how many sales/leases are sub-prime?  A return to sub-prime lending is likely the real reason people are buying anything (cars, TVs, iPhones etc etc).  Give poor trash credit and they use it right away, so it is the most effective and quick way to goose GDP!!! 


Of course, later on down the road ALL that debt will go bad and taxpayers will pick up the tab again.

Thu, 12/01/2011 - 18:31 | 1936566 quacker
quacker's picture

We've gone full Soviet.


Thu, 12/01/2011 - 18:35 | 1936585 GeneMarchbanks
GeneMarchbanks's picture

Just now?

Thu, 12/01/2011 - 18:45 | 1936618 buzlightening
buzlightening's picture

Uz vill zigns zee guberment guaranteed loan papers. 

Thu, 12/01/2011 - 21:11 | 1936900 flacorps
flacorps's picture

When I was a child there were frequent TV reports about how Russia's centrally-planned economy delivered obsolescent refrigerators and television s nobody wanted to buy (not cars--those were obsolescent too, but were in short supply and on a waitlist basis). It appears our central planning skills fall short of the ol' USSR.

Thu, 12/01/2011 - 18:32 | 1936569 c0ncerned citizen
c0ncerned citizen's picture

This chart seems to imply that Government Motors sold 67,000 more cars than it produced in the June/July time period.  Is that possible??

Thu, 12/01/2011 - 18:51 | 1936632 buzlightening
buzlightening's picture

It's all guberment forwarded drink bonds.  You haven't read about helga's bar have you?  Wait until the real globalls power brokers; creditiors call in those forwarded guaranteed loans to unemployed out of work alcoholics who can't pay.  Sub-prime auto mortgage loans implosion as housing.  What the western bankstering thugs got left for us slavoradors to borrow on. US citizen financial destruction graveyard plots!

Thu, 12/01/2011 - 18:32 | 1936570 pointer
pointer's picture

I bought a fully loaded GM truck at 0% financing spread out over 6 years through Ally.  March 2011.  Thank you shit economy.

Does anyone know of any loop holes I can go through to get a bailout on my truck?  Maybe pay less interest?

Thu, 12/01/2011 - 19:27 | 1936704 carguym14
carguym14's picture

The GM dealers here in Iowa have been advertising the 72 month 0% interest loans recently as well,plus some incentives.

A lot of people around here are fixing what they have instead of buying new though.........

Thu, 12/01/2011 - 19:35 | 1936721 Mactheknife
Mactheknife's picture

I'm waitin on the deal where they pay me to take one off their hands...Jan 2012 "Deal of the Century".

Thu, 12/01/2011 - 21:18 | 1936909 IQ 101
IQ 101's picture

Gulag Motors.

Thu, 12/01/2011 - 19:41 | 1936729 Kayman
Kayman's picture

"GM truck at 0% financing spread out over 6 years "

Chevy pickup depreciates to zippideedooda long before you have made your last payment.  Too bad they wouldn't non-recourse finance it over 20 years !

Thu, 12/01/2011 - 20:17 | 1936798 Rainman
Rainman's picture

da hose is up your ass before the ink is dry

Fri, 12/02/2011 - 17:07 | 1939902 fnordfnordfnord
fnordfnordfnord's picture

Put me down for a dozen!

Thu, 12/01/2011 - 18:35 | 1936584 valley chick
valley chick's picture

 After all it is the act of building the car that matters for various monthly PMI, CMI, regional Fed and GDP purposes.

This is what most people do not understand. 

Thu, 12/01/2011 - 18:37 | 1936592 g3h
g3h's picture


What about other auto makers?  Need the data to be convincing.


Thu, 12/01/2011 - 18:42 | 1936611 JamesB
JamesB's picture

Also - Tyler's choice of time period is suggestive.  Dealers cleared out inventory after the financial crash.  You need to see inventory prior to the crash to get a perspective.  Inventory now shouldn't be higher then, but it should be about half what it was then - the chart doesn't tell you.

Thu, 12/01/2011 - 18:54 | 1936635 Tyler Durden
Tyler Durden's picture

Perhaps the fact that GM is about half the company it used to be pre-Chapter 11 is also something to factor in said perspective, and is why any pre-bankruptcy comparison is completely irrelevant.

Thu, 12/01/2011 - 19:27 | 1936706 Rainman
Rainman's picture

...well, at least they saved the "good half"of GM ...Dem voters, that is

Thu, 12/01/2011 - 20:14 | 1936782 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Only $31,645*!  Buy one today! 


*Fire extinguisher not included

Thu, 12/01/2011 - 21:57 | 1936979 dwdollar
dwdollar's picture

Yeah... Only...

Why the fuck would I want a Chevy Volt, when I can get a Kia that's half the price? How much is the energy savings? I mean really? Is the Volt even going to last long enough to make up the difference? Besides, it's not like the Volt is sexier or safer. Use the savings and buy +5 years worth of gas. The only people driving Volts are metro sexual fags of GM unionist parents.

Thu, 12/01/2011 - 21:58 | 1936993 Almost Solvent
Almost Solvent's picture

And women, don't forget the women drivers . . . 

Thu, 12/01/2011 - 18:38 | 1936594 Ned Zeppelin
Ned Zeppelin's picture

Looks like the "digging holes" portion of the government stimulus is in full swing.  Next, we need to have huge demolition derbies for the "fill the holes" part of the plan.

Thu, 12/01/2011 - 19:46 | 1936740 Kayman
Kayman's picture

Henry Ford tried the sledge hammer to the car routine, at the end of the assembly line.  Rumor has it, that it didn't work so well.

Thu, 12/01/2011 - 18:38 | 1936595 buzlightening
buzlightening's picture

Why can't I get a job from a US eduCASHtional highly ranked institution.  Sheepskins no cheapskin as miles & piles of student gov goon loans to pay off.  Line up for food stamps grads and we'll throw in a volt with a guaranteed loan. We'll be spending our way to prosperity until you really get educated.   hehehehehehehehehe

Thu, 12/01/2011 - 18:38 | 1936596 youngman
youngman's picture

and one of their biggest competitors was out of the game...Toyota.....Honda too for that matter...when they come back....GM will really drop compared to the others...GM´s % gain was much lower...

Thu, 12/01/2011 - 18:39 | 1936598 prains
prains's picture

Ghost cars for ghost cities

Thu, 12/01/2011 - 18:54 | 1936636 buzlightening
buzlightening's picture

LOL prains.  You got it!

Thu, 12/01/2011 - 18:40 | 1936605 FranSix
FranSix's picture

I'm aghast.  The top of the line corvette costs three times as much as a small beemer.


Thu, 12/01/2011 - 18:40 | 1936607 BrocilyBeef
BrocilyBeef's picture

"I'll stuff your channel!"

Thu, 12/01/2011 - 18:45 | 1936616 BORT
BORT's picture

For the French Speakers

Alli, when taken in large doses, simulates anal leakage.


NO wonder Chicago is always higher.  Tons of little tier three suppliers, as well of tier two in this area.  This too shall end badly

Thu, 12/01/2011 - 18:47 | 1936620 johngaltfla
johngaltfla's picture

Tyler- I don't have the subscription any longer but just curious; do you have access to the deliveries to local, state, and the Federal government as a breakdown of the precentage of monthly sales or units sold?

Thu, 12/01/2011 - 18:48 | 1936624 Stoploss
Stoploss's picture

Back in the day, GM used to charge the dealers for their new car inventory under the floor plan. That was how they controlled inventory, it actually cost the dealer money for excess floorplan inventory to sit on the lot. When the govt took them over and closed down the excess dealers, the first thing they did was kill the floor plan model.

That is how you stuff the channels. In a normal world, (i use that term loosely), the chart should be inverse. Compare to Ford inventories, and you can really see the difference.

Thu, 12/01/2011 - 19:39 | 1936726 Messianic
Messianic's picture

I can't find a comparable chart or data for Ford.  Where might I find that info?

Fri, 12/02/2011 - 05:45 | 1937700 w a l k - a w a y
w a l k - a w a y's picture



That was how they controlled inventory, it actually cost the dealer money for excess floorplan inventory to sit on the lot.

Thanks for that, I'd forgotten about "floorplannning". What a quaint concept!

Thu, 12/01/2011 - 18:50 | 1936630 patience...
patience...'s picture

Something doesn't add up with the volt.

Gov Motors has sold 6142 thru november on a production run of 10K.

Gov Motors is  planing on increasing their production in 2012 to 60K.

Where is this demand coming from, is the government planning on buying a fleet of volts?



Thu, 12/01/2011 - 18:57 | 1936645 patience...
patience...'s picture

Oh, and 60k x $7500 eco discount = 450 million tax payer dollars for these 4 wheeled fire bombs.

Thu, 12/01/2011 - 19:13 | 1936673 johngaltfla
johngaltfla's picture

Last I heard the government had purchased 1/3 of all Volt production.

Thu, 12/01/2011 - 21:07 | 1936896 Atomizer
Atomizer's picture

Not the Government. Instead, Hertz, AVIS and the rest of the rental car companies will sucker the consumer to drive the vehicle under their footed rental cost to sell new volts by a word of mouth marketing scheme. All cars sold to auto rental companies will be subsidized under taxpayer assistance.

Thu, 12/01/2011 - 21:22 | 1936917 Blano
Blano's picture

It's not about's about keeping all those union workers employed.

Thu, 12/01/2011 - 19:15 | 1936659 saints51
saints51's picture

Interested to see how this new car plays out. Might be the new electric trend. they look nice.


Also read on their forum where they are trying to get Tesla to work with this company in allowing a wireless park and charge. Very interesting concept.

Thu, 12/01/2011 - 19:05 | 1936660 zorba THE GREEK
zorba THE GREEK's picture

I love GM cars. My wife has a 2011 Tahoe and I have a 2006 Suburban that I am looking to trade in for a

2012 fully loaded, LTZ suburban which lists at around $64,000. I should be able to get a great deal on one

if the dealer is so overloaded with inventory. Thanks to sites like ZH and 321 Gold, I have been fully invested

in PMs for over 10 years and can now afford whatever car I want.

Thu, 12/01/2011 - 20:17 | 1936795 Mactheknife
Mactheknife's picture

>in PMs for over 10 years and can now afford whatever car I want.

And you're going to buy GM...and you're Greek. You might want to check out some of that fine German engineering as in Benz, Audi, & BMW, and help support the cause of bailing out Greece while getting a much better car in the process. Just sayin...

Thu, 12/01/2011 - 21:16 | 1936905 Freddie
Freddie's picture

Every Greek I have known has been a Democrat.  Most of em had money too. My guess is Zorba voted for the muslim too.

Thu, 12/01/2011 - 23:07 | 1937160 zorba THE GREEK
zorba THE GREEK's picture

@ Freddie ...Zorba has always been a republican and I am rich, but I worked very hard for my $ and invested well. I first gave you a down vote, but then I remembered that I did vote for Obama ( I now regret that ) so I changed it to an up vote. I do have muslim friends and I have many Iranian friends who are very

pro American. I hope the U.S.A. and Israel don't bomb Iran. I am ashamed

of the U.S. killing so many innocent people for the benefit of a few powerful

and wealthy individuals. I will only vote for Ron Paul from now on, even if he



Fri, 12/02/2011 - 17:13 | 1939927 fnordfnordfnord
fnordfnordfnord's picture

You think Mc/Palin would have been different/better?

Thu, 12/01/2011 - 23:07 | 1937161 Bansters-in-my-...
Bansters-in-my- feces's picture

Let me guess,Your wife takes the tahoe to the drive thru Burger King for the evening meal and back home to watch the kids,while you...

You need that new LTZ Suburban to get down to the office two blocks away,and carry your brief case.

Thu, 12/01/2011 - 23:48 | 1937237 zorba THE GREEK
zorba THE GREEK's picture

@ bankster... I am retired, We use the Tahoe to go grocery shopping and have driven to the Fla. Keys twice this year.

The suburban will be used to travel the U.S. of A. from sea to shining sea. I live on the East coast, but I have a daughter

on the west coast who is a V.P. at BAC. I also have a sister and two married nieces on the west coast, so I plan to visit there as soon

as I get my new Suburban. We never eat at Burger King or McDonalds. 

Thu, 12/01/2011 - 19:12 | 1936672 Silverhog
Silverhog's picture

Don't worry. GM will be switching over to build battery powered tanks soon. Green battlefield is in now. 

Thu, 12/01/2011 - 19:13 | 1936675 buzlightening
buzlightening's picture

Burn the sheeple in volts, financial western bankstering fiats, drink bonds gone wild, or other ploys; it's ASHES.  We all fall down unless you're off of the western bankstering grid.  As I've previoyusly stated when the goons kick in my door UNWARRENTED.  I DELIVER WHAT THE BLACK ROYAL ILK SELF APPOINTED MASTERS OF THE UNIVERSE DESERVE.  

Thu, 12/01/2011 - 19:13 | 1936676 Iconoclast
Iconoclast's picture

Great spot,

In the UK that exporting powerhouse Germany is practically giving their cars away through subsidised leasing, merc c180 for 212 per month, Audi a6 for 250, golf convertible for 200.. The next step in the USA you lease a car like an iPhone..

Thu, 12/01/2011 - 19:13 | 1936679 Caviar Emptor
Caviar Emptor's picture

You've been had. Again, Mr and Mrs America. You poor slobs. 

You just transfered billions to banks through the Fed's latest gimmick. Not even just to failed US banks but banks all over the globe. So that they can have a very, very Merry Christmas this year. They sure needed it!

And now in further news, you've transfered another few billion to failed GM and other automotive companies. 

All that money that was transfered out of your account (as a taxpayer) is a debit that will be repaid BY YOU in the following ways: -"Austerity" aka decreased services acrosss the board at every level (Fed and State), decreased healthcare and retirement funds and slower, more crowded courts. -More inflation since loose monetary policy always results in inflation. Your buying power will keep on getting crushed amking the cost structure of your life and business much higher than it is. -Debt for life and for your kids and grand kids. 

Great bargain! 

Thu, 12/01/2011 - 19:15 | 1936680 SunBlaster
SunBlaster's picture

GM should export all these cars to China and park them near empty aparment cities! This will take care of trade imbalances, and boost failing Chinese housing, Buy APARTMENT get a GM car!

Thu, 12/01/2011 - 19:19 | 1936689 Tyler Durden
Tyler Durden's picture

Half of GM's sales are to China....'s previously empty parking lots.

Thu, 12/01/2011 - 19:17 | 1936684 MrBinkeyWhat
MrBinkeyWhat's picture

OH YEA! Gimme one of those GM what the fukks. I have been wanting a new of those for ever...NOT!!!!!

Thu, 12/01/2011 - 19:19 | 1936687 bingo was his name
bingo was his name's picture

Why should GM let production be determined by demand that such a last century concept


Thu, 12/01/2011 - 19:20 | 1936691 IQ 101
IQ 101's picture

G.M can kiss my butt, never again.

Electric cars, one day, maybe, but right now in the real world, the electric

motorcycle is about to become a product you will see on the street,

Passionate innovators have brought this tech forward by light years in the past few years and not GovCo.Commie.

If you have never seen the Isle of Man TT races, it is worth seeking out and honestly mind blowing, IOM TT had their !st Electric TT race this year and I believe Electric Motorbikes are Tech to watch.

I like a petro-chem Kawasaki myself, but I can see this Electro bike thing, booming, and I would take a spin given the chance.

Thu, 12/01/2011 - 21:29 | 1936924 Freddie
Freddie's picture

Electric engines and drive units are more effecient.  Petrochemicals will be ample for are lifetimes andstill work much better.  Did you go to IOM to see it or on TV?   Most of the roads on IOM on the race course have 4 foot thuck and three to four foot high stone wall hedgerows.  If a bike hits one - the rider is dead.  Those guys have a lot of guts are are a bit crazy.

Here is how you drive a rally car in IOM.

Thu, 12/01/2011 - 19:27 | 1936703 Cult_of_Reason
Cult_of_Reason's picture

During the last three years GM has consistently ramped up production to built up inventories in November following by a significant production/inventories drop in December.

It suggests that November was the last month of "better than expected" headlines propaganda.

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