- Next Week's Stars—The Retailers
- Today's Drivers: Retail and Tech
- Can Retailers Meet Those High Expectations?
- Yes, Now A Genocide-Free ETF
- What Matters Most on The Floor
- Wal-Mart And Kohl's Beat—But Cautious Outlook
- After The Bell Big Announcement: HP To Acquire 3Com
- New Highs On Lousy Volume—What's Up?
- The New Dow Target
- Wall Street Fears Dodd Bill
TRADER TALK RSS FEED
MOST SHARED
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- Today's Market Action
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- CNBC TRANSCRIPT: Warren Buffett & Bill Gates - Keeping America Great
- Israel Going Green
- Inside Wal-Mart's Acai Berry Juice Maker
- China's Role as Lender Alters Dynamics for United States
- U.S. Stocks Rally for the Second Straight Week
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Hirschhorn: Risk-Averse Traders
- Roginsky: A Funny Thing Happened on the Way to Financial Reform
- This Year's Biggest Thanksgiving Leftover: Cash
- TV Series Inks Unique Deal For Fight
- First Time Buyers Rescue Housing: Realtors
- Dollar General Trades Higher After Its IPO
- China: Low US Interest Rates Threaten Recovery
- Hedge Fund Billionaire Paulson Reports New Citi Stake
- White House Plans to Freeze Spending to Cut Deficit
- Cramer: 5 Earnings Reports to Watch Next Week
- Court Rejects 'Clawbacks' for Alleged Stanford Victims
- Cities With the Most Home Price Reductions
- Tax Credit Sparking First-Time Home Sales: Realtors
- Investors Cut Back US Stocks for Bigger Growth Abroad
- This Year's Biggest Thanksgiving Leftover: Cash
More Videos
Trader Talk
Text Size 
Auto stocks are notably weaker here, with new lows for GM [GM
Loading...
()
], CarMax [KMX
Loading...
()
], and AutoNation [AN
Loading...
()
]; Ford [F
Loading...
()
] is down 7 percent but not at a new low. CarMax missed earnings, and suspended guidance for the year.
Info:
--3.6% decline in used selling prices
--credit availability tightening
--sales and traffic weakening since Memorial Day
This is similar to what Deutsche Bank was saying: they are lowering their U.S. auto sales forecast. In addition to weaker consumer demand, DB also noted there was now a mismatch between what consumers want to buy (smaller, more fuel-efficient cars) and what dealers have in inventory (SUVs and other gas guzzlers).
Bottom line: not only is demand down, but prices for used cars are down as well, so auto dealers are squeezed.
Questions? Comments?
- Next Week's Stars—The Retailers
- Today's Drivers: Retail and Tech
- Can Retailers Meet Those High Expectations?
- Yes, Now A Genocide-Free ETF
- What Matters Most on The Floor
- Wal-Mart And Kohl's Beat—But Cautious Outlook
- After The Bell Big Announcement: HP To Acquire 3Com
- New Highs On Lousy Volume—What's Up?
- The New Dow Target
- Wall Street Fears Dodd Bill
Data is a real-time snapshot *Data is delayed at least 15 minutes