Deutsche Bank: GM Truck Sales to Tumble by 100k
And that's just the second half of '07. On Wednesday, Deutsche Bank automotive analyst Rod Lache informed his clients (and Forbes) that sales of The General's latest trucks and SUVs have peaked. "We are currently forecasting an 8 percent decline in GMT900 production in the second half based on a relatively flat absolute inventory levels," Rod wrote in his Dear John note to investors. "An assumption which increasingly looks optimistic based on the decline in segment volumes." In other words, GM's losing share in a declining segment. Although the estimate is not unexpected– given GM's recently announced big rig production cuts– as the housing slump gets worse, it looks like GM's cash cow is in the chute, heading straight to the packing house. So… what now?