• 11 hours Hedge Funds Having A Banner Year
  • 14 hours Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 17 hours BHP Turns Bullish On EVs
  • 19 hours Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 1 day The $90M Inflatable Rabbit Redefining Modern Art
  • 2 days Huawei’s Fate In The Air
  • 2 days Tesla Slashes Prices Again
  • 2 days The Modern History Of Financial Entropy
  • 2 days Italy’s Central Bank Embraces Sustainable Investing
  • 3 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 3 days Researchers Push To Limit Space Mining
  • 3 days Could China Start Dumping U.S. Treasury Bonds?
  • 3 days Is Winter Coming For HBO?
  • 4 days Rise Of EVs Signals Peak Gasoline
  • 4 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 5 days Gold Mining Stocks Stuck In Limbo
  • 5 days Executive Order Targets Huawei Over Espionage
  • 6 days Why Now May Be The Best Time Ever To Hold Gold
  • 6 days Fake News Sinks Shares In UK-Based Bank
  • 7 days De Beers To Build $468 Million Diamond Recovery Ship
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

  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