fordtech1 Posted April 3, 2018 Share Posted April 3, 2018 https://www.autoblog.com/2018/04/03/gm-stops-monthly-us-sales-data/ Quote Link to comment Share on other sites More sharing options...
akirby Posted April 4, 2018 Share Posted April 4, 2018 I bet they wouldn’t be saying that if it was mostly good news. 1 Quote Link to comment Share on other sites More sharing options...
ice-capades Posted April 4, 2018 Share Posted April 4, 2018 It may not be a bad decision for GM. Wall Street likes the company and has treated the stock well. GM's changing the rules and if the sales trend weakens, others may follow. 1 Quote Link to comment Share on other sites More sharing options...
rperez817 Posted April 4, 2018 Share Posted April 4, 2018 Tesla was first major automaker to do quarterly media reporting of car deliveries in the U.S. GM's doing it starting today (April 3). Ford is probably going to join the other two U.S. automakers and abandon monthly sales reports to the media too. Ford sales manager Mark LaNeve told Bloomberg "Their [GM's] comment that there’s a lot of volatility in month-to-month sales, I believe there is some validity to that. So we’re going to assess it and take a look." https://www.bloomberg.com/news/articles/2018-04-03/gm-ends-monthly-sales-reports-goes-quarterly-for-data-quality Quote Link to comment Share on other sites More sharing options...
MKX1960 Posted April 4, 2018 Share Posted April 4, 2018 So, when F-150 sales are up for the quarter, GM can't argue it's some fluke. Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted April 4, 2018 Share Posted April 4, 2018 So, when F-150 sales are up for the quarter, GM can't argue it's some fluke. They will still try. Quote Link to comment Share on other sites More sharing options...
twintornados Posted April 4, 2018 Share Posted April 4, 2018 That bad huh.... Quote Link to comment Share on other sites More sharing options...
630land Posted April 4, 2018 Share Posted April 4, 2018 (edited) Partly because of all the screaming whenever sales are down as little as .01 percent. Headlines or click bait will say "Ford sales plunged 1 percent" and comments fill with "they are dying, bring back the Panthers" Edited April 4, 2018 by 630land 1 Quote Link to comment Share on other sites More sharing options...
bzcat Posted April 4, 2018 Share Posted April 4, 2018 Quarterly reporting is fine. Most industries don't have monthly reports like the auto industry. It's kind of weird actually because SEC only requires quarterly filings. Quote Link to comment Share on other sites More sharing options...
rmc523 Posted April 4, 2018 Share Posted April 4, 2018 Quarterly reporting is fine. Most industries don't have monthly reports like the auto industry. It's kind of weird actually because SEC only requires quarterly filings. I, for one, look forward to the numbers every month. 3 Quote Link to comment Share on other sites More sharing options...
akirby Posted April 4, 2018 Share Posted April 4, 2018 I, for one, look forward to the numbers every month. I do too but I don't like the short term fluctuations either. First thing I think when something is either up or down a lot is was there something going on in the previous year that skewed the results? This won't fix that completely but it will help a lot. Quote Link to comment Share on other sites More sharing options...
92merc Posted April 4, 2018 Share Posted April 4, 2018 All it's going to do is hide whether GM's most recent fire sale did any good. Sales will be spread across a quarter, so we'll only be able to guess. Quote Link to comment Share on other sites More sharing options...
CKNSLS Posted April 5, 2018 Share Posted April 5, 2018 Partly because of all the screaming whenever sales are down as little as .01 percent. Headlines or click bait will say "Ford sales plunged 1 percent" and comments fill with "they are dying, bring back the Panthers" That's an awesome comment! Quote Link to comment Share on other sites More sharing options...
rperez817 Posted April 5, 2018 Share Posted April 5, 2018 All it's going to do is hide whether GM's most recent fire sale did any good. The people who need monthly sales data within GM such as sales and marketing managers will still have access to it. Also, GM will still provide the U.S. Federal Reserve, industry associations ,and government agencies across the globe with monthly data too. GM simply isn't going to report vehicle deliveries to the media every month. There's no reason they or any other automaker should. Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted April 5, 2018 Share Posted April 5, 2018 GM simply isn't going to report vehicle deliveries to the media every month. There's no reason they or any other automaker should. So how did it get started then? There had to some impetus for the automakers report it monthly. If anything to me, it sounds more like a marketing/advertising thing then any thing else Hey our new Betchfart CUV is up 100% this month in sales-when it was just released the month before that. Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted April 5, 2018 Share Posted April 5, 2018 So how did it get started then? There had to some impetus for the automakers report it monthly. If anything to me, it sounds more like a marketing/advertising thing then any thing else Hey our new Betchfart CUV is up 100% this month in sales-when it was just released the month before that. its been a tradition in the auto industry forever. No idea why it started. Probably some pissing contest among the big 3 back in the day. Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted April 5, 2018 Share Posted April 5, 2018 its been a tradition in the auto industry forever. No idea why it started. Probably some pissing contest among the big 3 back in the day. Thats what I figured Quote Link to comment Share on other sites More sharing options...
rperez817 Posted April 5, 2018 Share Posted April 5, 2018 (edited) its been a tradition in the auto industry forever. No idea why it started. Probably some pissing contest among the big 3 back in the day. That's correct fuzzymoomoo sir. The tradition started in the 1920s when Alfred Sloan of GM and his subordinates started reporting sales and inventory every 10 days. At the time the lack of good sales data "nearly caused G.M. to collapse" according to New York Times. Other automakers soon followed GM's lead. The practice of automakers reporting sales every 10 days continued for over 60 years. In 1990, Chrysler Corporation decided to no longer report sales every 10 days, but on a monthly basis instead. Chrysler said "it would stop publicly reporting its 10-day sales not only because of the cost and trouble of tabulating the numbers, but also because they exaggerate Japanese auto makers' gains in the American market." https://www.nytimes.com/1990/12/01/business/10-day-sales-chrysler-won-t-tell.html As with GM in the 1920s, the other automakers soon followed Chrysler in doing monthly sales reporting. Tesla started the practice of quarterly sales reporting for the media, and now GM is doing so too. It won't be long until other automakers join the quarterly sales reporting club. Edited April 6, 2018 by rperez817 1 Quote Link to comment Share on other sites More sharing options...
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