Originally Posted by General Motors Corporation 2007 Annual Report
“REVENUE RECOGNITION
Automotive Sales
Automotive sales consist primarily of revenue generated from the sale of vehicles. Vehicle sales are recorded when the title and risks and rewards of ownership have passed, which is generally when the vehicle is released to the carrier responsible for transporting vehicles to dealers.” Matters not whether units or dollars.
That’s what I thought also. Was a thread a few years ago on another board on the subject.
I think you’re confusing wholesale numbers (used for the corporate financial statements) with retail numbers (used as an indicator of consumer economic activity).