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Unsold Cars

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earthfriendly
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Unsold Cars

Postby earthfriendly » Sun, 18 May 2014 12:13 pm

http://www.zerohedge.com/news/2014-05-1 ... ars-go-die

Are these cars really destined to be unsaleable or some will get eventually get sold off? Mother Nature weeps at this huge waste of resources.

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rajagainstthemachine
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Postby rajagainstthemachine » Sun, 18 May 2014 12:51 pm

that is shocking indeed!! :-|
To get there early is on time and showing up on time is late

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Postby beppi » Sun, 18 May 2014 6:04 pm

Yes, the car industry has a (temporary?) overcapacity due to the economic situation and people thus buying less new cars. This is normal in a cyclical industry.
The difference here is that, due to politics (and national pride), the normal reaction of a healthy market is eliminated and manufacturing is still running.
This can and will not go on much longer, because neither car producers not governments can finance this forever. Eventually manufacturing volumes will reduce (and knock-on issues like factory closures, unemployment and smaller steel markets will be dealt with), the stockpiles will be sold and there will be a shortage of cars in the market - probably just in time for the next economic boom, thus creating another market imbalance.
What could we learn from it? In principle, the stupidity of interference in free markets (after all, no car maker is doing this voluntarily). But I doubt that politics will in fact see this ...

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JR8
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Postby JR8 » Sun, 18 May 2014 7:31 pm

Mother nature weeps, and it is shocking.... er, except it's not.

Sheerness is the UKs major car import/export hub, and those vehicles are subject to one of those movements.
http://www.locateinkent.com/why-locate- ... port/ports

Next picture? Swindon. Honda's manufacturing/export base in Europe.

Bristol?
<i>The Royal Portbury Dock is part of the Port of Bristol, in England. ... The deepwater dock was constructed between 1972 and 1977, and is now a major port for the import of motor vehicles into the UK. </i> [Wiki]

So, just five minutes digging about, reveals it's all a complete non-story ... :roll: You can cheer up again now :)


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