Unsold Cars

[buggerlugs]

http://www.vincelewis.net/unsoldcars.html

Growing stocks of unsold cars around the world
Carmakers around the world are cutting production as inventories build up to unprecedented levels. Storage areas and docksides are now packed with vast expanses of unsold cars as demand slumps

[XR Martin]

Article is misleading/madeup

I usually enjoy reading Zero Hedge because the insights are often interesting and I think pessimism is an underrated virtue these days. However, this guest article on unsold cars is so demonstrably false I had to take a break from my Sunday morning to dispute it. 12P

It is an admittedly appealing idea to think that automakers, unable to sell cars, are just wildly producing them and then dumping them around the world in an endless cycle of mass production hysteria. So much of the modern economy seems senseless and inexplicable, which is why an article like this seems to give some credence to the feeling many of us have inside that something is terribly wrong.P

The visuals are strong, the headline is clear, and you almost don't have to read the article to viscerally understand the problem. I, more than anyone, get the appeal of this story because it seems to largely rip off an article I wrote — including the images and headline — more than five years ago (which itself was largely a rehash of a Guardian article).

http://jalopnik.com/that-zero-hedge-...hit-1578124255

[GasoLane]

I think the last paragraph pretty well sums it up............

"Yes I'm also an author and my book on conspiracy theories has no correlation whatsoever to this webpage".

Yeah right..............

[Road_Warrior]

Photos are from the GFC.

[Ben73]

Lol. "Gone are the days when families buy a new car every year".
When did that honestly ever happen?
I buy a different, not always new, car every 2 to 3 years and everyone thinks I'm crazy for doing that.
I'm over buying cars all the time, but if there is a runway of dirt cheap v8s with new car warranties somewhere, I'll happily do my part and buy one.

[Ford_The_Win]

Buggerlugs mate you need to be more skeptical of what you read...

[buggerlugs]

Originally Posted by Ford_The_Win

Buggerlugs mate you need to be more skeptical of what you read...

I get excited very easily..........

[ute429]

Looks a bit like Perth airport fifo(fly in fly out) carpark.

[Vesper Martini]

Originally Posted by Ben73

Lol. "Gone are the days when families buy a new car every year".
.

IMO cars are built that much better these days, and what do you look for in the latest model extra Gadgets?
There could be some truth in the article though, perhaps if he used a more conventional font for the webpage

[GasoLane]

Snopes has just picked it up....

http://www.snopes.com/photos/automobiles/unsoldcars.asp

A couple of snippets from the Snopes page....

"British automobile production, for example, has since rebounded to hit a record high in 2013 (with a car being produced every 20 seconds that year)"

"In 2009, when these photos were taken, U.S. auto sales were running at barely a 9 million annual rate. Fast-forward to today and, as we learned at the beginning of this month, we are running at an annual rate of more than 16 million autos."

[Davehoos]

I suspect the storey is dodgey--as he hasn't research each situation.

My first 2 new cars-1981 rodeo was 4 year old--1985 bluebird purchased in 30 months as new cars.
In my time at land rover they had cars in bond stores that no compliance plates fitted until they payed import tax.

recently saw lots of 1000's of excess mondeo engines sold as scrap as they didn't meet market specs.

The add on the tele quotes in NSW average family buy a car for 10 years--my parents do.-my falcon was purchased 3 years,my employer 4 years ago purchased cars for 10 000Km some lasted weeks.

[GASWAGON]

I think it is possible that these massive storage areas could be like they were in 2009 again.

But then again the banks are throwing cheap money at the consumers to keep the pot boiling.

Lets see what happens if interest rates start to rise again soon.

[GASWAGON]

I think it is possible that these massive storage areas could be like they were in 2009 again.

But then again the banks are throwing cheap money at the consumers to keep the pot boiling.

Lets see what happens if interest rates start to rise again soon.