Seeking Alpha

Add weak revisions to January's slow retail sales number

Comments (2)
  • Up 2.4% yoy Jan '13 to Jan '14. Let's look at the big picture.
    13 Feb, 10:32 AM Reply Like
  • Down from December.

     

    The auto market rebound is over. US 2014 sales are predicted to come in at 15.2 million instead of the previous estimate of 16.4. A 7%+ decline. The manufacturers have been "channel stuffing" vehicles to dealers (that count as a sale), and now the big incentives are back to clear the inventory. The volume and "desperation" of dealership radio ads has increased substantially (news talk station).

     

    In a consumer spending downturn autos usually go first, then appliances, trips, clothing, electronics.
    13 Feb, 11:41 AM Reply Like
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