The Last Time Automakers Channel-Stuffed This Much, Lehman and GM Went Bankrupt
by Tyler Durden
ZeroHedge.com
01/08/2016
Don’t show Phil LeBeau this chart!
While day after day we are told how fantastic auto sales are in America… and how the reported data from the automakers shows just how ‘strong’ the US consumer must be.. and therefore the US economy.
However, as the following chart shows – it’s all false!!
Relative to apparently surging sales, inventories of (unsold) motor vehicles are at their highest since August 2008…
The Rest…HERE