巴克莱-美股-汽车与汽车零部件行业-美国汽车与汽车零部件：实时数据显示经销商库存紧张-2020.6.1-26页
- 报告王
-
0 次阅读
-
0 次下载
-
2020-06-07 08:41:04
VIP免费
微信
赏
支付宝
文档简介：
EquityResearch1June2020FOCUSBarclaysCapitalInc.and/oroneofitsaffiliatesdoesandseekstodobusinesswithcompaniescoveredinitsresearchreports.Asaresult,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofthisreport.Investorsshouldconsiderthisreportasonlyasinglefactorinmakingtheirinvestmentdecision.PLEASESEEANALYSTCERTIFICATION(S)ANDIMPORTANTDISCLOSURESBEGINNINGONPAGE18.Restricted-InternalU.S.Autos&AutoPartsReal-timedatapointingtoadealerinventorycrunchWenowhavetwosetsofproprietaryreal-timedatathatpointtoaloominginventorycrunch.Withstronger-than-expectedSAAR,andas-expectedrockyproductionramp,webelieveinventoryshortagesarelikelytoemerge–about600kunitsbyJune(400klighttrucks,200kcars),andthatthesenewcarshortageswillsupportusedcarpricing.MaySAARistrackinginthe~12mnrangebasedonourreal-timeinsurancedata.However,wecontinuetoseesignificantrisksonthesupplysidewithalmostinevitableinefficienciesarisingfromrestarting~200+vehicleprogramsinNorthAmericasimultaneousl
扫描二维码
评论
发表评论