• 1 hour Tech Billionaire Takes Aim At Google
  • 3 hours Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
  • 6 hours Expect A Pullback Before Gold's Next Major Rally
  • 8 hours Why Interest On Gold Matters
  • 1 day Ten Extravagant Food Items For The Wealthy Only
  • 1 day Why Saudi Arabia Won't Give Up On The Aramco IPO
  • 2 days $32 Million Crypto Heist Halts Tokyo Exchange
  • 2 days Is A Gold Selloff Looming?
  • 3 days Central Banks Are Stashing Gold And Dumping Treasuries
  • 3 days Three Cannabis Trends Flying Under Investors’ Radars
  • 4 days $1.3 Billion In Cocaine Found On JPMorgan Vessel
  • 4 days Amazon Teams Up With Lady Gaga To Win Over Generation Z
  • 4 days Dollar Falls As Powell Teases Rate Cuts
  • 4 days Will The World's First Trillion Dollar Company Ever Bounce Back?
  • 5 days Many Americans Will Never Stop Working
  • 5 days Mozilla vs DarkMatter: The Cyber Espionage End Game
  • 5 days Chile Cracks Down On Environmental Infractions
  • 5 days Warning Signs Emerge For Boeing
  • 6 days First Amendment Stands Strong In Trump vs. Twitter Showdown
  • 6 days Musk Bullish On Tesla Despite Executive Exodus
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

Automobile Sales Falling, Inventories Up 7.8%, Interest Rates Rising: What Can Possibly go Wrong?

The census bureau Advance International Trade reports shows the wholesale and retail exports each declined 0.4% from September to October.

Wholesale inventories are down 0.5% year-over-year, but retail inventories are up 3.2% on the strength of a huge jump in automobiles and auto parts.


Advance Wholesale Inventories

Wholesale inventories for October, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $586.9 billion, down 0.4 percent (±0.4 percent)* from September 2016, and were down 0.5 percent (±1.4 percent)* from October 2015. The August 2016 to September 2016 percentage change was revised from up 0.1 percent (±0.2 percent)* to down 0.1 percent (±0.2 percent)*.


Advance Retail Inventories

Retail inventories for October, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $603.3 billion, down 0.4 percent (±0.2 percent) from September 2016, and were up 3.2 percent (±0.5 percent) from October 2015. The August 2016 to September 2016 percentage change was revised from up 0.2 percent (±0.1 percent) to virtually unchanged (±0.2 percent)*.


Inventories

Inventories
Larger Image


Automotive Picture

  • Autos are having a good year, but sales are not expected to beat last year
  • Year-over-year, retail inventories are up 3.2%
  • Automobiles inventories are up a whopping 7.8%
  • Automobiles account for nearly all of the increase in retail trade inventories.
  • Excluding autos, retail trade inventories are up only 0.8%.
  • Interest rates are rising
  • Auto sales are increasingly subprime
  • Trade-ins are increasingly underwater


What can possibly go wrong?

Inquiring minds may also wish to consider …

  1. October 7: Inventory Crisis: Can Parrots Read Charts?
  2. November 18: Inventory to Sales Ratios: What's Really Going On?

 

Back to homepage

Leave a comment

Leave a comment