Grade The Analysts: The Bankers Have It
March was a great month for the auto industry, and an analyst’s Waterloo. The real-time data equipped heavy-weights of Edmunds, TrueCar and Kelley were solidly trounced by bankers with a better feel, better sources, or simply better luck. The podium of March’s “Grade The Analysts” is populated by brokers and bankers, the professional auto oracles have been degraded to also-runs.
Peter Nesvold of Jefferies deservedly is spraying expensive champagne from his top position at the automotive analysts polled by Bloomberg. Nesvold called GM’s 19 percent on the dot, he was within a whisker’s width of Ford and Chrysler, he nailed the SAAR. Emmanuel Rosner in number 2 and Brian Johnson on three were less precise, but their guesses still were good enough to shame the nuclear-tipped crowd.
The real-time heavyweights of Edmunds, TrueCar and Kelley all aimed too high and missed. Too bad for Itay Michael and Alan Baum. Both called March SAAR exactly, but in this game, one can only win by naming a number for each of the Detroit dudes. Jeff Schuster misses the good old days when he played with the big boys. How does it feel down there?
Better luck in April!
Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.
More by Bertel Schmitt
Latest Car Reviews
Read moreLatest Product Reviews
Read moreRecent Comments
- Master Baiter The picture is of a hydrogen fuel cell vehicle.
- SCE to AUX SAE Level 2 autonomy requires the driver to be the monitor, nothing more.That's the problem, and Tesla complies with this requirement.
- Lou_BC I read an interesting post by a master engine builder. He's having a hard time finding quality parts anywhere. The other issue is most young men don't want to learn the engine building trade. He's got so much work that he will now only work on engines his shop is restoring.
- Tim Myers Can you tell me why in the world Mazda uses the ugliest colors on the MX5? I have a 2017 in Red and besides Black or White, the other colors are horrible for a sports car. I constantly hear this complaint. I wish someone would tell whoever makes theses decisions that they need a more sports car colors available. They’d probably sell a lot more of them. Just saying.
- Dartman EBFlex will soon be able to buy his preferred brand!
Comments
Join the conversation
So the bankers came out smelling like roses. This is all so familiar...
Bankers again? They must have someone on the inside feeding them info. I'm guessing it's at Ford. With bankers holding all that debt, Ford has to feed them their own info and the industrial espionage results from other carmakers, if Ford ever wants to see its blue oval again.