THE WORLD’S UNSOLD CAR STOCKPILE

[red750]

THE WORLD’S UNSOLD CAR STOCKPILE

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.

Below 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.

 

 

Below is shown just a few of the 57,000 cars (and growing) that await delivery from their home in the Port of Baltimore, Maryland, U.S.A.

 

 

The car industry would never sell these cars at massive reductions in their prices to get rid of them, no they still want every buck.

If they were to price these cars for a couple of thousand they would sell them.

However, nobody would then buy any expensive cars and then they would end up being unsold. It’s quite a pickle we have gotten ourselves into.

Below is shown an image of the Nissan test track. Only it is no longer being used, reason...there are too many unsold cars parked up on it!

The amount of cars keeps on piling up on it until its overflowing. Nissan then acquires more land to park up the cars, as they continue to come off the production line.

 

 

The car industry cannot stop making new cars because they would have to close their factories and lay off tens of thousands of employees.

This would further add to the recession. Also the domino effect would be catastrophic as steel manufactures would not sell their steel.

All the tens of thousands of places where car components are made would also be effected, indeed the world could come to a grinding halt.

Below is shown just a small area of a gigantic car park in Spain where tens of thousands of cars just sit and sunbathe all day.

 

 

There is more, but I won't go on. You get the picture (s).

[onetrack]

Pete, you've failed to mention the huge number of new and near-new RENTAL cars for sale! Because the airline and tourism industries have virtually ground to a halt, car rental companies are desperately trying to get rid of thousands of their unused rental cars - which are also filling car parks, ovals, and vacant blocks, by the tens of thousands. They are being sold off in the U.S. for as little as $6000 for a late-model, low km sedan.

 

Add in the woes of the Chinese vehicle manufacturing onslaught, and their cheap vehicles - along with the electric vehicle manufacturers upping production, and biting into IC-engine car sales - and you have the scene set for a disastrous fall in used vehicle values.

[old man emu]

 

[red750]

OT, It was part of an email sent to me by my mate Keith from the Men's Shed.(he sends melots of emails with the jokes, silly pictures, etc. that I post in these forums.) It went a lot further, and included 5 more similar photos. It's all about brand new cars unsold,, but yes, there are lots of things parked here there and everywhere. Who knows where it will lead.

[kgwilson]

These are old photos based on an article published in May 2014. It had photos mostly from a 2009 Getty Images collection & although real don't depict the current situation. There is no evidence to suggest this is currently happening. See https://www.snopes.com/fact-check/unsold-cars/ and https://www.hoax-slayer.net/unsold-car-stockpile-images/

[onetrack]

The original post may be incorrect, but there are stockpiles of unsold and unwanted rental cars, worldwide.

But the car industry is not the only one affected by COVID-19 - as we know, Boeing is stuck with more than 500 new 737MAX's that are stockpiled, in the hope of selling them some day.

 

Below is a list of industries hard-hit by the virus. The photo of the stockpile of unsold cars was taken on 10th May 2020 at Chipping Warden aerodrome in the U.K.

 

https://www.lovemoney.com/gallerylist/95613/industries-facing-toughest-comeback-after-coronavirus-farming-entertainment

 

There was a chain-reaction logjam in vehicle supplies in May, but vehicle manufacturers have now trimmed production and adjusted output to meet a lower level of demand.

Surprisingly, the COVID-19 virus made a lot of people who didn't formerly own a car, buy one, because they were fearful of crammed public transport.

 

In China, car sales have actually risen 20% so far this year - unlike the rest of the world, where car sales are still depressed.

But online buying has actually improved car sales, as people now realise they don't have to run the gamut of pushy salespeople in a car yard.

 

https://time.com/5830664/cars-cargo-ships/

[kgwilson]

It was Boeings arrogance and failure to deal with its problems & not Covid that they ended up with heaps of 737 Max's that has now been exacerbated by the pandemic. The engineers knew it along with most of their employees. The board and senior executives thought they could sort it all out as they'd been able to do for the past 20 years with impunity but the chickens eventually came home to rest.

[Marty_d]

Boeing is one of those companies that's "too big to fail".  Just watch, the US government will bail them out.  There's no way they're going to let Airbus end up the only large passenger aircraft manufacturer in the western world.

[Jerry_Atrick]

In order to preserve competition, I don't disagree with a bailout, and it shouldn't come with strings attached....

 

Heavy ropes with nooses should be attached should they not adhere to proper conditions of a bailout including the current executives and senior management taking full responsibility and proper consequences of their actions...  would be my preferred option...

Edited August 18, 2020 by Jerry_Atrick