GM: Shipments Down Further In February; Off 42% Versus Year Ago
After the announcement that Rick Wagoner is being forced out, the Panjiva team decided to take another look at shipments to GM from their global suppliers. About 10 days ago, we described the drop in shipments to GM from September of 2007 to January of 2009. It turns out, from January to February of this year, there was a further 6% drop in shipments to GM. Compared to February of last year, the number of shipments to GM is off 42%.
Methodological note: though this graph looks much the same as the previous GM graph (i.e., massive drop-off), there is an important difference. It turns out that we have data on shipments to GM’s Mexican operations, and this time around, we included these shipments in our analysis… Hence, more shipments across all time periods.