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Where the World's Unsold Cars Go To Die

Where the World's Unsold Cars Go To Die

Houston...We have a problem!...Nobody is buying brand new cars anymore! Well they are, but not on the scale they once were. Millions of brand new unsold cars are just sitting redundant on runways and car parks around the world. There, they stay, slowly deteriorating without being maintained.

This is an image of a massive car park at Swindon, United Kingdom, with thousands upon thousands of unsold cars just sitting there with not a buyer in sight. The car manufacturers have to buy more and more land just to park their cars as they perpetually roll off the production line.

There is proof that the worlds recession is still biting and wont let go. All around the world there are huge stockpiles of unsold cars and they are being added to every day. They have run out of space to park all of these brand new unsold cars and are having to buy acres and acres of land to store them.

Continue Reading: http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold...

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bump!

Good find!

"I'm Ron Paul." - Ron Paul

Gordon Brown

Gordon Brown, a leftist UK prime minister intervene in the car industry. He was giving 2k GBP (about 3k $) for +10 year old car scrapped if the owner bought a new car. This stimulated the production for a while.
The effect: >>a massive car park at Swindon<<

This is what they call "Channel Stuffing" and its a fraud agains

This is what they call "Channel Stuffing" and its a fraud against stock holders and dealers alike. What happens is, the manufacturers increase production during sales slumps, force dealers to buy up inventory, and then publish the monthly sales figures to show there never really was a slump, which pumps up stock prices.

In reality, the dealers are stuck with car lots overflowing with unsold inventory. Its getting crazy with GM, which at this time has a combined unsold dealer inventory of some 875,000 vehicles -- an all-time record high.

I drove past a Cadillac-Buick-GMC dealer the other day, and piles of cars are flowing onto auxiliary lots up the street and round back where wrecks usually sit. In addtition, rows of unsold 13s with stickers offering "0% for 72 months" rather proves this theory.

What this shows is, sales have slumped for more than a few months -- this has been a very long-term trend.

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"

Easy financing.

I understand that nearly all of the car loans are going to people who should not qualify for financing in order to get the cars sold. In other words, car sales is in a bubble right now.

[F]orce can only settle questions of power, not of right. - Clyde N. Wilson

That's right! I heard it from a car dealer only yesterday.

That's right! I heard it from a car dealer only yesterday: people are applying for car loans even as their houses are being foreclosed upon. Of course, they need wheels to get from A to B regardless of their situation. But do they need a 2014 model with leather, panoramic sunroof and beats by Dr. Dre sound system?

Car loans and student loans are the only loans keeping this fake economy alive. When GMAC's successor goes bust and the students revolt against their lifetime of enslavement courtesy of Sally Mae, that's it for the New American Century.

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"

This is bullshit.

Yeah, need some better verification before..

..these things get front paged.

"If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy." -- James Madison

Why verify when we can speculate?

It's much more entertaining. Truth is overrated these days.

"I'm Ron Paul." - Ron Paul

They could always try making

They could always try making a product that people want. I hear that is a popular strategy amongst the politically unconnected.

Author of Shades of Thomas Paine, a common sense blog with a Libertarian slant.

http://shadesofthomaspaine.blogexec.com

Also author of Stick it to the Man!

http://www.amazon.com/Stick-Man-Richard-Moyer/dp/1484036417

Seems like it might not be accurate.

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

"If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy." -- James Madison

An alternate perspective

Forwarded this article to a friend and received this response:

http://jalopnik.com/that-zero-hedge-article-on-unsold-cars-i...

Feeling Fear? You're living in the future.
Feeling Depressed? You're living in the past.
Who would you be without your story? —Byron Katie

When the desire to bring about a change in you is not there,
the demand to change the world is not there eit

Time for another round of Cash for Clunkers

It's once again time to destroy as many used cars as possible to introduce some artificial demand. The 677,842 used vehicles destroyed in 2009 obviously wasn't enough.

http://jalopnik.com/5327580/video-how-to-disable-a-cash-for-...
http://www.brookings.edu/~/media/research/files/papers/2013/...

Another proof that our free market is NOT free

Supply and demand should it a buyers market with all these cars. But business will not allow the natural order of things, creating a glut bubble to catastrophically explode one day.

Conscience does not exist if not exercised

"No matter how cynical you get, it's impossible to keep up!
---Lily Tomlin

every 16 year old

Sighs in disbelief. No, you can't afford a car- they're too expensive. Now is not the time to discuss supply and demand.

Those cars...

Those cars are probably just there because they put the steering wheel on the wrong side.

Reminds me of game of thrones when the new queen

wanted to give the food waste of the royals to the poor but the old queen made them throw it in the kennels for pigs.

There is something about power over the law that paves a path for evil.

A true flower can not blossom without sunlight and a true man can not live without love.

GoT characterizes politics and power structures very well

We're going to find out who Tyrion's champion is tonight.

That looks about right

Remember the auto-bailout?

"Moderation in temper is always a virtue; but moderation in principle is always a vice." -- Thomas Paine

Good find

Anyone not understanding the dynamics of "managed scarcity," could find clarity in the works of Josiah Warren, Stephen Pearl Andrews, Benjamin Tucker, and someone alive today.

Good luck.

Joe

Awesome video

That explains it quite well. The only thing is that Mr. Ford would have had us driving cannabis cars made of marijuana, driving on marijuana and fueled by marijuana. The petrochemical giants saw it better to squash that idea and so today is the result. Oh poor America. If only Mom and Dad and Grandma and Grandpa had paid more attention to the warning signs and distrusted the self-proclaimed authorities as they should have. Welcome to the rapture yall!

Rudolph Diesel would have

had us operating machinery on vegetable oils, too:

"Diesel's Humanitarian Vision:

Diesel originally thought that the diesel engine, (readily adaptable in size and utilizing locally available fuels) would enable independent craftsmen and artisans to endure the powered competition of large industries that then virtually monopolized the predominant power source-the oversized, expensive, fuel-wasting steam engine. During 1885 Diesel set up his first shop-laboratory in Paris and began his 13-year ordeal of creating his distinctive engine.. At Augsburg, on August 10, 1893, Diesel's prime model, a single 10-foot iron cylinder with a flywheel at its base, ran on its own power for the first time. Diesel spent two more years at improvements and on the last day of 1896 demonstrated another model with the spectacular, if theoretical, mechanical efficiency of 75.6 percent, in contrast to the then-prevailing efficiency of the steam engine of 10 percent...

Diesel expected that his engine would be powered by vegetable oils (including hemp) and seed oils. At the 1900 World's Fair, Diesel ran his engines on peanut oil..."

http://www.hempcar.org/diesel.shtml

Flash forward to 2014- Diesel

Flash forward to 2014- Diesel dies suspiciously and we get to pay $100 at the pump for $4.25 a gallon diesel fuel...

We all share this eternally evolving present moment- The past and future only exist as inconsequential mental fabrications.

The title is very misleading,

The title is very misleading, and the pictures aren't as drastic as they look.

"Where the world's unsold cars go to die"

It's an inventory stockyard full of excess product, not a junkyard.

Every single one of those cars will eventually be sold, not scrapped as junk as the title implies.

Never be afraid to ask simple questions.

Correct

+1

"I'm Ron Paul." - Ron Paul

I live right by a port

And I see this quite often. Big car ships come in, they are offloaded and parked until they are put on trains or trucks and delivered throughout the country. I was involved in the construction of a temporary storage lot for the (now closed)Ford factory in Norfolk, Va where the trucks would come off the assembly line, be parked in storage lots, until trains would take them away.

Its quite common to see acres of new vehicles parked waiting for distribution in port cities and close to factories.

"A great civilization is not conquered from without until it has destroyed itself within" W. Durant

unbelievable

unbelievable

WOW...!!! What kind of contract did they sign?

.

This is obviously an artificial bubble.

These car companies are trying to keep the price of a car artificially high. They have too much supply but are unwilling to sell at a price the economy is willing to support. Perhaps the demand they had planned for was from an economy artificially puffed up by the lending action of the Fed. and when the bubble burst their production went on as business as usual.