[Upper5Percent]

General Motors unit sales -2.9% to 245,387 units vs. -1.0% forecast by Kelley Blue Book.

Sales by brand: Chevrolet -1.1% to 167,777 units; GMC -5.8% to 46,277; Buick -3.0% to 17,794; Cadillac -12.8% at 13,359.

GM's average transaction price fell 0.3% Y/Y to $39,997 per Kelley Blue Book.

GM ended the month with 83 days supply vs. 80 days at the end of October.

"When we close the books on 2017, GM will show very healthy inventory levels, significantly lower daily rental sales for the third year in row, and the best year in our history for crossover deliveries by far," says GM sales exec Kurt McNeil.

YTD GM U.S. sale -1.1% to 2,693,702 units.

 

[Mister Dave]

Warren Buffett Stocks to Buy: General Motors (GM)

Buffett is also a long-standing supporter of top dividend stock General Motors Company (NYSE:GM). After substantially boosting Berkshire’s GM position by 20% in Q2, the fund now holds 60 million GM shares valued at $2.4 billion. While Tesla Inc (NASDAQ:TSLA) has been hogging most of the self-driving spotlight, GM is busy making its own mark in this fast-growing space.

Guggenheim recently upgraded GM from Hold to Buy on the back of the company’s “vision for an autonomous future” as well as a “comfortable” 2018 outlook. “GM has expressed notable optimism about the status of its AVs, and seems confident it can launch a ride-hailing fleet of robo-taxis well before 2020 for geo-fenced urban areas,” says analyst Emmanuel Rosner “CEO Mary Barra has famously said and repeated that GM’s AVs are quarters away, not years.”

Top analysts appear divided on the outlook for GM. In the last three months, the stock has received four buy ratings and four hold ratings. For example, Morgan Stanley’s Adam Jonas is concerned that GM will be unable to exceed rising investor expectations.

On the flip side, Deutsche Bank’s Rod Lache calls GM his top pick in U.S. autos, and recommends buying the stock heading into 2018. Meanwhile, the average analyst price target of $49.83 suggests 14% upside from the current share price.

https://investorplace.com/2017/12/warren-buffetts-7-best-stock-picks-of-2017/#.WiIy4FWnFaQ

NOW!

 

[Upper5Percent]

Warren Buffett Stocks to Buy: General Motors (GM)



https://investorplace.com/2017/12/warren-buffetts-7-best-stock-picks-of-2017/#.WiIy4FWnFaQ

NOW!

BUY ON THE DIP...

Plus with this GOP Tax cut...the Corporate give back to share holders is going to be big!!

 

[Mister Dave]

BUY ON THE DIP...

Plus with this GOP Tax cut...the Corporate give back to share holders is going to be big!!

It just passed. 51-49

 

[Qinsp]

It just passed. 51-49

Was the EV incentive kept?

 

[jeff_h]

Was the EV incentive kept?

I'm not proficient in navigating the legislation since so many various amendments get loaded on, but searching on "vehicle" gives a result of the below text, which makes me think that the vehicle credit would be gone after this year (unless there was some preservation in another amendment somewhere?).

(3) SUBSECTION (c).—The amendments made by subsection (d) shall apply to vehicles placed in service in taxable years beginning after December 31, 2017.

https://www.congress.gov/bill/115th-congress/house-bill/1/text

 

[Upper5Percent]

Was the EV incentive kept?

I'm not proficient in navigating the legislation since so many various amendments get loaded on, but searching on "vehicle" gives a result of the below text, which makes me think that the vehicle credit would be gone after this year (unless there was some preservation in another amendment somewhere?).

(3) SUBSECTION (c).—The amendments made by subsection (d) shall apply to vehicles placed in service in taxable years beginning after December 31, 2017.

https://www.congress.gov/bill/115th-congress/house-bill/1/text

Nope...The Senate cut it with the following language...(c) Repeal Of Section 30D.—

(1) IN GENERAL.—Subpart B of part IV of subchapter A of chapter 1 is amended by striking section 30D (and by striking the item relating to such section in the table of sections for such subpart).

(2) CONFORMING AMENDMENTS.—

(A) Section 38(b) is amended by striking paragraph (35).

(B) Section 1016(a) is amended by striking paragraph (37).

(C) Section 6501(m) is amended by striking “30D(e)(4),”.

(d) Effective Date.—

(1) IN GENERAL.—Except as provided in paragraphs (2) and (3), the amendments made by this section shall apply to taxable years beginning after December 31, 2017.

(2) SUBSECTION (b).—The amendment made by subsection (c) shall apply to taxable years ending after December 31, 2017.

(3) SUBSECTION (c).—The amendments made by subsection (d) shall apply to vehicles placed in service in taxable years beginning after December 31, 2017.


Section 30D of the Tax Code...
26 U.S. Code § 30D - New qualified plug-in electric drive motor vehicles
US Code

https://www.law.cornell.edu/uscode/text/26/30D#

But, the Senate and the House have to get together and hammer out the differences...so who knows what will be in or out of the final bill

 

[volt11]

While not my ideal solution (I favored a gradual phase-out of the credit over the next 8 years), if truly gone it does at least put GM on an even playing field with everyone else jumping into the game late, like Honda. It would be a very bad situation if, for example, the Clarity has a $7,500 advantage over the Volt after GM's allocation of tax credits runs out (sooner).

GM's recent presentations suggest that battery costs per KWH will drop by about 30% in just the next generation (2019 and up), and they've already come down substantially. That $7,500 credit was passed in an era when the KWH cost was probably twice what it is now. The credit also stigmatizes the EV market for many ultra-conservatives.

I guess we'll see what the final answer is pretty soon.

 

[kns]

But, the Senate and the House have to get together and hammer out the differences...so who knows what will be in or out of the final bill

...or the House could simply vote to approve the Senate bill.

OT: It is disappointing that the few principled Republican Senators caved and in the end put donors and party above constituents and nation.

KNS

 

[marcusm]

Donors above all. Sad travesty of Representational Democracy


Sent from my iPhone using Tapatalk

 

[sosmerc]

And all this talk about "tax simplification"......what a SAD joke. Our system of government needs an overhaul.....let's start with term limits!

 

[Mister Dave]

Was the EV incentive kept?

Well I started it now - sort of. I guess after buy on the dip this subject hit a dead end anyway.

And all this talk about "tax simplification"......what a SAD joke. Our system of government needs an overhaul.....let's start with term limits!

There's something we could get a majority on, even with an electoral college system. I'm damned sick of the fatasses in my state.

"Simplification" doesn't seem to be a senate specialty. I'd be for that too. Sure I took the incentives but I'm not married to the idea of it. There's a down side to it that bites all of us eventually in different degrees I think.

On the up side if you buy something new right now, you will come out ahead - no tax credit depreciation.

Hey! More sales revenue for GM! I'm calling my broker!