"GM sales surge 23% in January": What's the catch? This is GM—there must be a catch ... Were they less desirable rental and fleet sales? No ... Did GM lard on the profit-sapping incentives? ... Bingo! ... Also: Like other manufacturers, GM counts as "sold" cars that have been shipped to dealers but not bought by actual customers. There were half a million GM cars sitting on dealers' lots last month that were part of the mighty sales "surge"—that's up from a mere 390,000 a year earlier. This increase in parked, unsold cars accounts for the entire January-to-January "sales" increase, no? ... Zero Hedge has a chart. ...
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