Sat, Jul 12, 2014, 3:46 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

General Motors Company Message Board

  • dcham222 dcham222 Nov 21, 2012 3:22 PM Flag

    November Numbers Are Going To Be Gruesome

    I work at a very large volume dealership and I can tell you November numbers are not going to be good. Have friends that work at competitor dealerships spread over a wide geographic area and they also report EXTREMELY slow sales. Don't like what I say?....don't care. Just the facts.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Notice how the GM permabulls will immediately discount any negative news, no matter how well-informed you are, or how clearly you know your subject matter. It has been this way for years on this board.

      We bashers find it highly entertaining.

      -web

      Sentiment: Strong Sell

    • thruston@verizon.net thruston Nov 22, 2012 10:22 PM Flag

      Slow sales are going to continue. Bye Bye GM

    • That's odd.

      I'm on my way to take possession of a 2013 Ford Flex.

      Got a 2012 Volt in June.

      And, dealers are all running Black Friday promotions.

      Auto sales are continuing the strong sales trends.

    • Strange, here they say exactly the opposite.

      Nov 21 (Reuters) - U.S. auto sales are rebounding after Superstorm Sandy cut sales in late October and early November, and this month should show a 12 percent increase from a year before, consultants JD Power & Associates and LMC Automotive said on Wednesday.

      November auto sales have been rising each week, and there are signs that December will be a strong sales month to end the best year for U.S. auto sales since before the financial crisis of 2008, JD Power said.

      On a seasonally adjusted annualized basis, November sales are seen at 15 million new vehicles, LMC and JD Power said. That would be the highest monthly sales rate of the year, topping the 14.94 million rate for September.

      Total light vehicle auto sales for November are expected to be 1.11 million vehicles, up 2.2 percent from October, the consultants said in a joint statement.

      The U.S. fleet of vehicles is about 11 years old, and the need to replace aging vehicles has been cited as a reason for increased auto sales all year.

      "The irrepressible need and willingness of consumers to replace aging vehicles is stronger than the effects of natural disasters and fiscal turmoil both here and abroad," Jeff Schuster, senior vice president of forecasting at LMC Automotive said.

      "A sustained recovery pace in auto sales is expected over the next six months, barring any fiscal cliff hangover, but the medium-term forecast is still dependent on more pronounced economic activity and growth."

      LMC Automotive also maintained its 2012 full-year forecast of 14.4 million vehicles, which would be a 12.5 percent rise from 2011.

      The auto industry has been steadily recovering since 2009, when U.S. sales hit a 28-year low of 10.4 million vehicles.

 
GM
37.95+0.20(+0.53%)Jul 11 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.