Toyota Sales Up 9.8% in November; Lexus Leaps Forward 24%. -seems misleading
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From: dr_jeff on 6 Dec 2009 21:46 bob wrote: > In article <7PCdnQ0mMMvmiYHWnZ2dnUVZ_smdnZ2d(a)earthlink.com>, > cewhite3remove(a)mindspring.com says... >> "bob" <nottooslow42(a)yahoo.com> wrote in message >> news:MPG.25839405556cc3b7989702(a)news.eternal-september.org... >> >>> Actually, daily average sales has been used for many years in the auto >>> industry. >> I'd still like to understand why November 2008 had 25 selling days and >> November 2009 has only 23. I can see any difference in the number of days, >> so I must be missing something. >> >> Ed > > Ed, > > I don't know the answer either. I was just pointing out that contrary to > what someone suspected, this reporting method is not a recent invention > by the automakers to make their sales look better. > > Bob I am not so sure that using selling days is not a legitimate practice. Cars are sold only on selling days. So this may properly adjust for the number of days that cars can be sold on during a particular month. This may be a proper way to monitor sales. Personally, adjusting for the number of selling days is ok, as long as one considers both the adjusted number and unadjusted numbers. Jeff
From: dr_jeff on 7 Dec 2009 18:33
bob wrote: > In article <OOmdnbTBu6wH8YHWnZ2dnUVZ_gidnZ2d(a)giganews.com>, utz(a)msu.edu > says... >> bob wrote: >>> In article <7PCdnQ0mMMvmiYHWnZ2dnUVZ_smdnZ2d(a)earthlink.com>, >>> cewhite3remove(a)mindspring.com says... >>>> "bob" <nottooslow42(a)yahoo.com> wrote in message >>>> news:MPG.25839405556cc3b7989702(a)news.eternal-september.org... >>>> >>>>> Actually, daily average sales has been used for many years in the auto >>>>> industry. >>>> I'd still like to understand why November 2008 had 25 selling days and >>>> November 2009 has only 23. I can see any difference in the number of days, >>>> so I must be missing something. >>>> >>>> Ed >>> Ed, >>> >>> I don't know the answer either. I was just pointing out that contrary to >>> what someone suspected, this reporting method is not a recent invention >>> by the automakers to make their sales look better. >>> >>> Bob >> I am not so sure that using selling days is not a legitimate practice. >> Cars are sold only on selling days. So this may properly adjust for the >> number of days that cars can be sold on during a particular month. This >> may be a proper way to monitor sales. >> >> Personally, adjusting for the number of selling days is ok, as long as >> one considers both the adjusted number and unadjusted numbers. >> >> Jeff > > Jeff, > > I liken it to financial statements that provide figures inclusive and > exclusive of "extraordinary items". Extraordinary items can hide good or > bad operating results, but are included in dividend calculations. > > Bob That's a good analogy. |