Business Inventories-To-Sales Ratio Jumps To Highest Since Nov '16 As Auto Inventories Spike

Once again motor vehicles dominated the rise in inventories in June (up 0.7% MoM) as retail inventories rose 0.6% MoM but sales lagged at just 0.3%. This mismatch pushed the aggregate inventory-to-sales ratio back to its highest since Nov 2016 at 1.38 months.

 

But it's autos that remain near ex-crisis highs in inventories...

Comments

dogismycopilot Tue, 08/15/2017 - 10:14 Permalink

I do like the look of those new Cadillac Escalades Extended SUVs.But who in their right fucking mind would pay almost $100K for a badged up Tahoe that is going to lose half its value in 2 years?

CJgipper Tue, 08/15/2017 - 10:19 Permalink

I don't think this is accurate, or does it not include used cars?  lots are literally overflowing with late model used cars.  I don't even remember this many late model used cares on lots in 2009.

Decoy 409 Tue, 08/15/2017 - 10:23 Permalink

OPPS! Shhhhhhh........Remember the good old days when you could simply hide the aluminum in Detroit warehouses and keep the oil sitting in the tanker in the water while simply waiting for the pump prices and meters to go higher and higher as you milked them for all they had. Don't lower the price simply create excessive inventory call it gain until that is.Just keep paying them and we will reimburse you when things get going again. Oh and keep those layoffs and let go's down to show improvement. Of course that was a year ago already when the ups got the feed and directions. Smell those credit chips burning away (or money as some call it).  

I am Jobe Tue, 08/15/2017 - 10:24 Permalink

Texas dealers parking lots are full and lots of incetives advertised. There are overstuffed cars for sale and taco stands. TX is not all that great all poor paying jobs.