13 Pictures of growing stocks of unsold cars around the world

[dbarberic]

Nissan has announced plans to cut its Sunderland workforce by 1,200. Thousands of unsold cars are stored around the factory's test track


Honda is halting production at its Swindon plant in April and May, extending the two-month closure announced before Christmas to four months. Honda and Japanese rival Toyota are both cutting production in Japan and elsewhere. Pictured, Hondas await export at a pier in Tokyo


Land Rover Freelander cars await distribution outside the Halewood operations site in Liverpool


Earlier this week Jaguar Land Rover said 450 British jobs would go


The open car storage areas in Corby, Northamptonshire, are reaching full capacity


Imported cars stored at Sheerness open storage area awaiting delivery to dealers


Newly imported cars fill the 150-acre site at the Toyota distribution centre in Long Beach, California


The build-up of imported cars at the port of Newark, New Jersey


Stocks of Ford trucks in Detroit, Michigan


New cars jam the dockside in the port of Valencia in Spain


Peugeot cars await shipment to Italian dealers at the port of Civitavecchia


Unsold cars at Avonmouth Docks near Bristol


With many manufacturers on extended Christmas shutdown, the number of cars rolling off production lines in December fell 47.5% to just 53,823


http://www.guardian.co.uk/business/g...ture=341883578

[petertribo]

Re: 13 Pictures of growing stocks of unsold cars around the world

I can remember dealing with auto salesmen who scorned a cash sale. The oversupply of vehicles may now present opportunity for many with cash. I suppose bankrupt dealerships might be a good place to start.

First, auto companies may have to clear inventory of certain vehicles which will never again be seen at that price. So, there could be a once in a lifetime price on some vehicles. Once the inventories are cleared, the vehicle may be never be made again or only in limited supply.

Secondly, if one were to know which vehicles were overstocked and MUST be cleared, it would be a huge advantage. If such data were available and could be centralized on a web site, it could be an interesting opportunity. I hope someone starts such a website.

I bought my first new car in years a while ago but before doing it I did a lot of research including reading
Confessions of a Car Salesman by a guy who went undercover at a car dealership:

http://www.edmunds.com/advice/buying...2/article.html

There are some other good articles at that site. I have no interest in Edmunds. The autoligopoly must go nuts when they see this stuff on the Internet.