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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (53012)	7/17/2020 10:43:55 AM
From: robert b furman	Read Replies (3) \| Respond to of 67790

Hi Kidl, Inventory is down due to the forced Covid closures of the assembly plants. They were closed from mid march to May 25 ish. A bit more than 2 months of production. During April and May we had record months relative to those months in the last 5 years. Huge in that was the extension of the tax due date to July 15th vs. April 15th. The government checks to families assisted in unusually larger down payments , we noted. I do not represent OEM's profitability, I am but one rural dealer in Texas - which did not shut down like many urban areas did. It is not spin. It is simply a fact of our experience. Since we normally stock 125 to 150 uits and we see the Ram trucks going off the lot as soon as they hit, we do not expect to reach normal stocking levels till 2021. That bodes very well for the OEM manufacture's and their order bank. No to mention the supply chains that feed off of the OEM's assembly lines. NO SPIN, business is good and getting better in the automotive capital goods sector.In fact our weakest month was June, due to lack of new inventory. Ditto the semi chip business consistent month over month and year over year growth in the supply chain. Not the case if you have a restaurant, bar, or travel related business. It is a bifurcated business sector. Bob