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General Motors Company Message Board

  • webuchadnezzar_reva webuchadnezzar_reva Dec 7, 2012 4:09 PM Flag

    MALLEN: DO YOU SEE EXPLOSIVE GROWTH IN CAR DEALER INVENTORIES?

    The car business is absolutely in the toilet, my friends. I just got back from two trips to the Midwest and must have passed at least 15 car lots going to and from.

    Every single lot I saw except one appeared loaded to the gills with cars. This goes for Toyota and everybody else too. Even Hyundai and Ford. The only lot I saw that was not loaded with inventory was a Saab lot, but of course, they recently went out of business, right?

    And GM of course, has stuffed its dealers with an unbelievable number of vehicles. If this doesn't pick up soon, some of those dealers will probably not need to order much until the 2014 models come out!!

    MALLEN: What do your friends in the business tell you?

    -web

    Sentiment: Strong Sell

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GM
37.56-0.30(-0.79%)Feb 26 4:01 PMEST

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