General Motors to stop disclosing monthly output numbers

Article by Anita Panait, on June 19, 2013

General Motors' decision to stop disclosing its monthly output figures to the public has raised concerns from industry analysts and economists as well as suppliers who depend on the data for their production plans. GM and other major carmakers have been disclosing the monthly output figures of their North American sites, detailing production numbers by nameplate.

GM’s production data are included into various economic indicators and are a benchmark for industry insiders to forecast GM's future output. The carmaker, however, informed several research providers -- including IHS Automotive, the Automotive News Data Center and Autodata Corp. -- this month that it will no longer provide them the figures, and instead will provide only wholesale numbers.

According to GM, a change in the manner it records financial results for its vehicles renders the production data less relevant. However, the carmaker’s move is expected leave a large gap in a data set that has been watched by both auto industry insiders and outsiders.

GM remains the largest carmaker in the US and serves as an indicator of the health of the auto industry and the overall economy. Analysts are not only ones having a headache over GM’s decision, but also auto suppliers.

Many suppliers subscribe to the production projections made by third-party research firms, which includes production figures as a vital factor for their forecasts. Following GM’s move, forecasters will have to replace its production numbers with estimates. Craig Fitzgerald, an automotive analyst at Plante Moran, told Automotive News that suppliers rely heavily on forecasting services to build their production schedules. [source: automotive news - sub. required]

Topics: general motors

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Volvo has revealed that while its products are used by a number of police organizations around the world, it will be the Swedish police that will get the first chance...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries