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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: ThirdEye who wrote (13131)10/8/2004 11:41:33 AM
From: mishedlo  Read Replies (1) of 116555
 
From Goofy on the Fool on car sales
Mish question: is this the way sales are really counted?
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Ahem! Those September sales GM & Chrsler were crowing about are sitting on the dealer lots. I might add that if they work the same way as heavy equipment the sale is counted when it goes to the dealer, not when it is retailed to the consumer.

In the equipment/farm machinery biz, the manufacturers reserve for the discounts they are going to allow to move the surplus inventory. But since the Big 3 are already discounting their a$$es off, where are they going? I'd love to see the balance in the reserve for sales discounts account.

If you are in the new car market screw em to the wall. I think this is a bigtime buyers market.
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