Category Archives: Operations research
Beating expectations by 5 standard deviations… Respondents to the Empire Fed's Manufacturing Survey have not been more exuberant about America since Oct 2009. This continues the recent trend of incredible survey-based beats as hard data remains unimpressed… The only thing that is odd about this monstrous number is the plunge in new orders… and […]
As we await all US carmakers to report June auto sales, we remind readers that when we discussed last month’s disappointing monthly car sales report, which badly missed expectations showing the fifth consecutive month of declining auto sales – the first time this has happened since July 2009 – with domestic light vehicle auto sales […]
After tumbling in April, Wholesale Inventories bounced modestly in May (up 0.3% MoM) based on preliminary data. Interestingly Retail Inventories rose 0.6% in May, the biggest jump since January. However, Q2 GDP still faces a headwind as wholesale inventories are down 0.13% so far in April and May.
Authored by Daniel Ruiz via Blinders Off blog, On May 10, 2017, there were 145,763 new 2016 vehicles unsold. Today, 2016 new car inventory stands at 112,310. At the current rate of sale, we will not sell through the new 2016 inventory till the last week of August. Why this matters Dealers always focus on selling […]
Auto OEMs typically shut down plants once a year during the summer to retool for model changeovers and whatever general maintenance is required. But this year summer shutdowns will be about much more than just retooling plants. With inventory soaring on dealer lots, auto OEMs will likely have no choice but to extend their typically […]
For months we’ve been warning that real estate markets in NYC and San Francisco, among others, are getting ready to rollover as the market is about to be flooded with new supply of luxury apartments (see here and here). Real estate in both markets are just starting to show signs of cracking as the apartments […]