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Keyword: trucksales

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  • "It's Probably Nothing": Truck Orders Plunge 37% As Unsold Inventories Soar Most Since 2007

    04/07/2016 10:02:43 PM PDT · by Nachum · 40 replies
    zero hedge ^ | 4/7/16 | tyler durden
      When we last looked at order of heavy, or Class 8, truck one quarter ago - that all-important, forward looking barometer of domestic trade - we said that even with 2015 in the history books, and as we start 2016 where the base effect was supposed to make the annual comps far more palatable, the latest, January data, as abysmal: "the drop continues to be one of Great Recession proportions, manifesting in yet another massive 48% collapse in truck orders in the first month of the year as demand appears to have gone in a state of deep hibernation."Fast...
  • GM Dealers Say Low Demand, Not Lack of Supply Explain Poor Truck Sales

    10/28/2013 11:27:01 AM PDT · by jazusamo · 51 replies
    NLPC ^ | October 28, 2013 | Mar Modica
    The past month has brought much confusion and concern for General Motors' shareholders regarding the most important and profitable segment of sales for the company. As the company prepares to report earnings for the third quarter this week, media reports are still unclear on just what is going on with GM's new truck lineup; specifically pertaining to the reasons behind the disappointing sales figures that were reported for the month of September when Ford's truck offerings left them in the dust. While GM's Obama-appointed management spun the story ( claiming supply could not keep up with demand ) to some...
  • Are Truck Buyers Avoiding GM Because of Bailout?

    10/07/2013 9:07:10 AM PDT · by jazusamo · 112 replies
    NLPC ^ | October 7, 2013 | Mark Modica
    Chevy Silverado: "Strong" Commercial | Chevrolet 1:03 minute One of the most disappointing aspects of last week's sales results from General Motors was the underperformance of the much-hyped new truck offerings from the company. While the industry-leading Ford F-Series saw sales increase about 10 percent to around 60,500 vehicles for the month, GM's combined sales for its competing Chevy Silverado and GMC Sierra fell approximately 8 percent to about 46,000 units. GM's Obama-appointed management's performance in trying to explain the declining sales was as lame as the sales results. Amongst the excuses for disappointing truck sales, GM did not include...