I wonder if the average dolt realizes that when GM reports sales, they are really reporting sales to their dealers. It’s called channel stuffing. Thank God Obama saved this wonderful company.
GM Channel Stuffing WTF!?
Submitted by Tyler Durdenon 12/03/2012 11:10 -0500
Those who have been reading our 2+ year series tracking the ridiculous “bottom-left to top-right” trend in GM dealer inventory channel stuffing, know all there is to know about the modern day equivalent of AOL (in which the purchases of modern equivalents of “dial up connections” are funded by loans from the US government itself), in both (non government backstopped) business continuity terms as well as in channel stuffing notoriety. Which is why we will present the November update of total dealer “inventory” (which rose to a record for the fresh-start company 788,194, or a record 99K increase in two months) a without commentary, except to say: WTF!?