Updates
December 3, 2012: This must be the day for pickup stories. See the link provided by "anon 1" in comments: GMC and Chevrolet Bi-Fuel Pickup Production Begins.
Original Post
First, some old data, back to August, 2012:
Only one more day until we get August sales data, and September 4th will bring us the latest inventory numbers. Here at TTAC, we’re keeping an eye on GM’s full-size truck inventory, which is as high as 145 days for the GMC Sierra – well above the 100 day supply that’s considered safe for full-size trucks.Now, fast forward to December 3, 2012 (that would be today): GM was back up to 139 days in November for full-size pickups compared to 110 days in October.
Two comments: a) GM is on record as seeing no need to plan for the ObamaCliff; and, b) the GM pickup inventory trend is going in the wrong direction.
The good news: my hunch is you can get a good deal on a new pickup right now.
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Meanwhile,
Honda Motor's American Honda reports November 2012 U.S. sales of 116,580 units, an increase of 38.9% YoY. I don't invest in Honda, but I love the Honda Civic, so this is just a personal note, for archival purposes.
This is not an investment site; so do not make any investment decisions based on what you read at this site.
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It's easy to forget that the Eurozone is in a recession. France's car market is on coursefor its worst year since 1997, industry association CCFA said when reporting new car registrations fell 19.2 percent in November.
http://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2012/Nov/1108_bi-fuel-truck.html
ReplyDeleteAnon 1
Very interesting, thank you. It looks like today is all about pickups. Smile.
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