Mike Colias
speaker
140 appearances
2 recordings
1 series
first heard Aug 2017
last heard Aug 2021
Mike Colias’s voice in public audio — every appearance, attributed to the second.
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Appearances
Yeah, it's becoming a little bit more of an issue.
So GM kind of skews things, though.
I mean, normally you'd want to see a 60- to 70-day supply of cars on dealership lots.
GM, for several months in a row now, has been running over 100.
And there's some reasons for that.
And they've been saying for months now, they've been telling Wall Street, listen, we've got a handle on this.
We're building ahead of time, because in the fall, we're going to take down several factories to get ready for some new products that we're building.
We need these dealership lots to be stocked before that happens, in advance of that.
By the end of the year, you'll see our inventories fall to normal levels.
So far, you wonder whether or not investors believe them, because the GM stock today really got hammered.
It was down close to 4% at one point.
And so I think that that's a concern.
You know, investors are sort of I think the jury's still out on whether or not they're really going to bring those inventory levels down back to normal levels in coming months, because if they don't, they're going to have to add on big discounts.
That hurts profitability and that could pressure the stock as well.
Yeah, I think it would be.
I mean, the reason why the second half of the year those kind of discounts start to moderate and the deals aren't as good is because you get into a new model year.
You go from model year 17 to 18, and those are newer cars, a lot of times newer features, and so you're not going to get as good a deal.
Right now the discounts are as good as they've been since the recession, but it depends on what you're looking for.
I mean, you might not get –
a screaming deal on a new crossover SUV that a company just came out with.
Showing 101–120 of 140 · page 6 of 7
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