…um…yeah. The phrases “vested interest” and “wanted to keep his job” scream at me like thieves in the night, but apparently, Mike DiGiovanni, top GM sales analyst, says that GM’s market share will likely increase for the third straight month.
Oh, great…GM sales, up from squat to squat and a half!
Seriously, isn’t this report just the teensiest bit biased? Especially with GM probably going to do a stock reissue in the very near future as its current per-share value is actually worth next to nothing? So some putz from GM announces BIG BIG SALES A-COMIN’ and anyone’s supposed to take this seriously?
And okay, maybe GM market share will go up next month. Does this really mean anything to any serious investor in the face of the bloodbath they’ve seen? And how much of that hike is due to the now-over Cash for Clunkers program? I look forward to seeing how this prediction plays out, but I have my doubts it’ll look anything like reality.
Tags: Cash for Clunkers, GM, market share, sales analysts, sales and marketing