We talked a couple months ago about GM channel-stuffing Chevy Volts. Channel stuffing is when a company makes far more widgets than it can sell, then hopes eventual deep retailer discounts will clear the shelves. But in the meantime, they get to boast how many widgets they’ve shipped.
The stuffing got completely out of hand in 2007-08, when GM and Chrysler were stacking up unwanted cars in lots all over Michigan.
Anyway, it looks like GM is back to its bad old ways. Net of stuffed channels, GM might have have suffered “a sequential decline” in sales — in a new-car market that’s picking up.