Dec. 1 (Bloomberg) -- General Motors Co. said its inventory of full-size pickups rose on a selling-day basis to 105 days as of Nov. 30, from 104 days at the end of October.
GM’s full-size truck inventory was 202,720 at the end of November, from 207,596 as of Oct. 31. Peter Nesvold, an analyst at Jefferies Inc., said on a Nov. 29 conference call that GM’s pickup supply would be “one of the more anticipated data points” in the company’s statement today.
“If inventories are more than 100 days, the stock probably goes down, and if inventories are better than 90 days the stock probably goes up,” Nesvold said. “Anything with a nine handle and GM probably moves along with the group.”
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