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Where the World's Unsold Cars Go To Die
In the past several years, one of the topics covered in detail on these pages has been the surge in such gimmicks designed to disguise lack of demand and end customer sales, used extensively by US automotive manufacturers, better known as "channel stuffing", of which General Motors is particularly guilty and whose inventory at dealer lots just hit a new record high. But did you know that when it comes to flat or declining sales and stagnant end demand, channel stuffing is merely the beginning?
Presenting...
Where the World's Unsold Cars Go To Die (courtesy of Vincent Lewis' Unsold Cars)
Above is just a few of the thousands upon thousands of unsold cars at Sheerness, United Kingdom. Please do see this on Google Maps....type in Sheerness, United Kingdom. Look to the west coast, below River Thames next to River Medway. Left of A249, Brielle Way.
Timestamp: Friday, May 16th, 2014.
There are hundreds of places like this in the world today and they keep on piling up...
THE WORLDS 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.
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.
NOTE:
The images on this webpage showing all of these unsold cars are just a very small portion of those around the world. There are literally thousands of these "car parks" rammed full of unsold cars in practically every country on the planet. Just in case you were wondering, these images have not been Photoshopped, they are the real deal!
Its hard to believe that there are so many unsold cars in the world but its true. The worse part is that the amount of unsold cars keeps on getting bigger every day.
It would be fair to say that it is becoming a mechanical epidemic of epic proportions. If anybody from outer space is reading this webpage, we here on Earth have too many cars, why not come and buy a few hundred thousand of them for your own planet! (sorry but this is all I can think of)
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. With Google Maps look South of Broening Hwy in Dundalk for the massive expanse of space where all these cars are parked up.
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. Its quite a pickle we have gotten ourselves into.
Below is shown an image of the Nissan test track in Sunderland United Kingdom. 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.
UPDATE: Currently May 16th, 2014, all of these cars at the Nissan Sunderland test track have disappeared? Now I don't believe they have all suddenly been sold. I would guess they may have been taken away and recycled to make room for the next vast production run.
Indeed next to that test track and adjacent to the Nissan factory, they are collating again as shown on the Google Maps image below. So where did the last lot go? This is not an employees car park by the way.
None of the images on this webpage are of ordinary car parks at shopping malls, football matches etc. Trust me, they are just mountains and mountains of brand spanking new unsold cars. There is no real reason why you should be driving an old clunker now is there?
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.
They are also piling up at the port of Valencia in Spain as seen below. They are either waiting to be exported to...nowhere or have been imported...to go nowhere.
Tens of thousands of cars are still being made every week but hardly any of them are being sold. Nearly every household in developed countries already has a car or even two or three cars parked up on their driveway as it is.
Below is an image of thousands upon thousands of unsold cars parked up on a runway near St Petersburg in Russia. They are all imported from Europe, they are all then parked up and they are all then left to rot. Consequently, the airport is now unusable for its original purpose.
The cycle of buying, using, buying using has been broken, it is now just a case of "using" with no buying. Below is an image of thousands of unsold cars parked up on an disused runway at Upper Heyford, Bicester, Oxfordshire. They are seriously running out of space to store these cars.
It is a sorry state of affairs and there is no answer to it, solutions don't exist. So the cars just keep on being manufactured and keep on adding to the millions of unsold cars already sitting redundant around the world.
Below are parked tens of thousands of cars at Royal Portbury Docks, Avonmouth, near Bristol in the United Kingdom. If you look on Google Maps and scan around the area at say 200ft you will see nothing but parked up unsold cars. They are absolutley everywhere in that area practically every open space has unsold cars parked up on it.
Below is that same area in Avonmouth, UK, but zoomed out. Every gray space that you see is filled with unsold cars. Anyone want to hazard a guess at how many are there...
As it is, there are more cars than there are people on the planet with an estimated 10 billion roadworthy cars in the world today.
We literally cannot make enough of them. Below are seen just a few of the thousands of Citroen's parked up at Corby, Northamptonshire in England. They are being added to daily, imported from France but with nowhere else to go once they arrive.
So there they sit, brand spanking new cars, all with a couple of miles on the clock that was consummate with them being driven to their car parks. Below is the latest May 2014 Google Maps image of unsold cars in Corby, Northamptonshire.
Manufacturing more cars than can be sold is against all logic, logistics and economics but it continues day after day, week after week, month after month, year in year out.
Below is shown a recent (April 2014) screen grab from Google Maps of the Italian port of Civitavecchia. All those little specks are a few thousand brand new unsold Peugeots. Just collecting dust and maybe a bit of salty sea spray!
Below, all nice and shiny but with nowhere to go. Red and white and black and silver, purple, pink and blue, all the colors of the rainbow and be they all brand new. Indeed all the colors of the rainbow are down there on those cars, making pretty mosaics, montages of color and still life. Maybe that is all they will now ever be, surreal urban art of the techno production age. Magnificent metal boxes, wasting space and saving grace, all sitting still, because its business at mill.
All around the world these cars just keep on piling up, there is no end in sight. The economy shouts out quite loud that nobody has the money anymore to spend on a new car. The reason being that they are making their "old" cars go on a lot longer. But we cannot stop making them, soon we will run out of space to park them. We are nearly running out of space to drive them that's for sure!
Below, more cars mount up in the port of Valencia in Spain. They will not be exported as there is nowhere for them to go, so they just sit and rot in their colorful droves.
Gone are the days when the family would have a new car every year, they are now keeping what they have got. It may be fair to say that some families still get a new car every year but its the majority that now do not.
The results are in these images, hundreds of thousands if not millions of cars around the world are driven from their factories, parked up and left.
Could we say that these cars have been left to rot! Maybe, as these cars will certainly rot if they are not bought, driven and cared for. It does not look like they will be sold any day soon, many of them have been standing for over 12 months or even longer and this is detrimental to the car.
Below, as far as the eye can see, right into the background, cars, cars and more cars. But what's beyond the horizon? Have a guess...Yes that's right...even more cars! All brand new but with no homes to go to. Do you think they will ever start giving them away, that may be the only radical solution. Who knows, you could soon be getting a free car with every packet of cornflakes.
When a car is left standing idle, all the oil sinks to the bottom of the sump, and then corrosion begins to set in on all the internal engine parts where the oil has drained away.
Cold corrosion is when condensation builds up in the cylinders and rust forms in the bores. The engines would then start to seize and would need to be professionally freed before they could be started. Also the tires start to lose air and the batteries start to go flat, indeed the detrimental list goes on and on.
So the longer they sit there the worse it slowly becomes for them. What is the answer to this? Well they need to be sold and that just isn't happening.
The epidemic is not improving, it is getting worse. Car manufactureres are constantly coming out with new models with the latest technology in them. Hence prospective buyers of, for example, a new Citroen Xsara Picasso want the latest model, not last years model. Hence all the unsold Citroen Xsara Picasso cars from the previous year will now have even lesser chance of being sold.
The problems then just keep on mounting up. In the end, the unsold cars that are say 2 years old will have no alternative but to be either crushed up, dismantled and/or their parts recycled.
Some car manufacturers moved their production over to China, General Motors and Cadillac are examples of this. They are then shipped over in containers and unloaded at ports. However they are now being told to put a big halt in their import into the U.S.A. as they just can't sell them in the quantities they would desire. Consequently Chinese car parks are now filling up with brand new American cars. Well nobody in China can afford them on their meagre pittance wages, so there they will stay until our economy improves...which it might do in a few generations.
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Well look at it this way, if no ones driving them, GM has less liability for any deaths resulting from their production!
Keynes would be so proud, push that demand baby...lol.
They would anyway since the union owns them now. Torts don't apply to government institutions.
Didn't GM recall half of these b/c of that "Delayed Death" feature when you turn on the ignition and disable all the air bags?
I think the obvious solution is to add more monster truck rallies to the schedule of bread and circus. Nothing like watching Truckasaurus chow down on thousands of GM's (undrivable) finest to swell American patriotism. And of course Insane Clown Posse will open every show by playing the national anthem with a bald eagle, ala Jimi Hendrix.
This Idiocracy needs to step things up a notch, I'm getting bored.
They will just melt them down and make drones and other weapons of war when the SHTF....so in reality, GM still has death on their hands!
Shit I tought it was a russian nuclear missile alert ...
Me 2. I thought the intertubes wuz going down like Backdoor Barry!
MUH BANDWIDTH
All I see is "Do not hotlink images and steal bandwidth" here on ZH and on the linked page.
Has someone been punked?
I want 120 months at 0%.
They want you to do it youself, google maps, sheerness england...big ass parking lot next to the river (right side of river, sw of sheerness.
Don't know if this will work...
https://www.google.com/maps/place/Sheerness/@51.4309414,0.7342172,3546m/data=!3m1!1e3!4m2!3m1!1s0x47d8d5fd673a9139:0xb08db03282ac83a7
...left of Brielle Way...
...yeppers, it worked.
THANKS for the link!
Unreal!
Yeah man, I guess the Tylers didn't want everyone going in through them and crashing the site...(altlab).
Is it me or am I really not seeing a lot of rear windows on these vehicles? Are we looking at a bazillion minivans or sumthin?
lol...I dunno...maybe a new level of hedonics, where the factory blows out the back windows testing a new stereo system. To be replaced at the dealership, pre-warranty.
These central planner-types have it all figgered out ;-)
Brokew window economics ,put to the test .....
There ya go, at some point there is an over abundance of windows. Especially when they pass laws, hire and arm storm troopers to prevent them from being broken. Its like the left hand doesn't know what the right hand is doing.
Or maybe their real object was more storm troopers ;-)
Aw, man, that's just the parking lot at a Cowboys game.
And does De Beers run the auto industry too, keeping cars off the mkt to keep prices jacked?
nmewn: This is incredible in its scope of over manufacturing. They'll have to sell the previous model year at huge discounts or just crush the fucking things back to workable material. No consumer in their right mind would pay ANYTHING for the shit on these lots. Fuck, am I missing something? This is so fucking retarded on so many levels.
Ah...pictures visible now.
That's a shit-ton of cars, not just a staging area - a long term inventory parking lot.
Reminds me of all the people now not being counted as unemployed; sitting at home rotting.
Yeah, I see em now too.
So I guess the world isn't gonna starve afterall, thats a lot of "green space" they're taking up in some of them...lol.
Everybody was supposed to get a free car but their timing was off. So now they prey that the gvt will give them money for a car. When that don't work they will shout through the media for attention, when that don't work they will just keep stackin and start redesigning them to last just 2 or 3 years cause we can't afford the loss of jobs in this country, it's their last stand.
Sorry Janet, you can fuck up ZH all you want, but we're still rooting for Putin.
I'm rooting for myself, fuck Putin that statist thug.
The Might VladimirVladimir, hero of song and story.
Vladimir, winner of territory.
Frightening the Right,
Fighting Nazi blight,
With the strength of ten, Ukrainian men.
Vladimir, Russians are safe when near him.
Vladimir, only Right Sector fears him.
Penetrating eyes,
Iron in his thighs,
Nationalist at heart,
Fire in every part,
Of the Mighty Vladimir.
Why the radium symbol?, you're harshing my mellow, it's just some vids guy.
Author furiously downloading/rehosting images now.....
Here are the links to the pics: http://www.vincelewis.net/unsoldcars.html
The Guardian did a piece some years back (pics):
http://www.theguardian.com/business/gallery/2009/jan/16/unsold-cars
business week did a piece in 2013
http://www.businessweek.com/articles/2013-07-31/american-automobile-glut-unsold-cars-are-piling-up
click the link above image #1 (http://www.vincelewis.net/unsoldcars.html) -- images are still up there -- crazy wild amazing shit.
And I just spent about $2k to repair my old jeep, which I paid just over $2k for in the first place!
FUCK THESE FUCKERS!!!!
I'd still MUCH rather stack than give a new car maker (esp GM) my fucking FRNs.
to say nothing of having to pay all the sales taxes, excise taxes, and registration fees. Fuck 'em. my car is seven years old and going like a horse...also gets 36 to the gallon.......god i love my mini cooper.
Didn't George W. Bush, shortly after 9/11, tell everyone to "go shopping"? That buying more stuff would strengthen the nation? Well it looks like a number of people didn't buy into that. Or rather couldn't; who can get credit for anything anymore? Maybe people like George can just walk in and cut a check for a new car, but the average consumer can't. And he and his cronies sure got the auto makers wound up, they all really though it would work! Um yeah.
Also, the automakers seem to be a victim of their own success. The average car seems to last longer nowadays. I've got a 10 yr old car and it's in fantastic shape. With some modest maintenance I see it going, oh, another 10 yrs!
Then Cash-4-Clunkers came around. Oh boy. Let's get old 12MPG gas guzzlers off the road and replace them with... new 14MPG gas guzzlers! That 2MPG really makes a difference! Or something.
Same old bullshit rhetoric spewing out of politicians mouths: "ZOMG Stawx down. Consumers of the globe, unite and spend more!"
Unfortunately the consumers have tapped out and they got a raw deal. Heaps of debt. Minimal savings. People will be working from day to day for a loaf of bread within two decades. This kind of asymmetric, one-way trade between consumption and production has gone on long enough. If these fuckers want to boost their earnings, maybe they should spend more for a change.
Maybe they should produce something worth owning first. Haven't seen a decent car in almost 15 years now.
Yup. This is "free-market capitalism" at its finest. Thank god for people like Piketty, who not only completely fail to grasp just what the market mechanism is, but assume that somehow MORE centralisation is what is needed.
What is needed is the gargantuan government presence to step the fuck back, remove subsidies on everything aside from the most basic of human necessities and let these monstrous, stagnating and overproductive businesses fall. Just let the people with a clue actually source legit markets, let capital find its allocation in genuinely intelligent and value-adding applications.
This level of capital misallocation is a massive, massive waste.
Cuba.
Syria...Iran....um we meant Ukraine
use google maps.
jaw dropping.
https://www.google.com/maps/place/Broening+Hwy/@39.2457136,-76.5343007,1...!3m1!1e3!4m2!3m1!1s0x89c80115441ce127:0x6a5c35605cdf16b9
No, this is shipping doc for loading and unloading cars. Not a Parking lot for unsold cars. good effort but
Take a look at dealer lots around you dude, they are already full up. Of course there are loading docks for vehicles, but this goes well beyond loading and unloading.
This reminds me of 2008 when Goldman was saying that oil was going to go from $150 to $250. At the same time there were stories about oil tankers parked at sea all over the world filled with oil and nowhere to go. Oil went to $40 briefly thereafter.
Looks like must of them have a couple of ships worth of backlog and world shipping is down globally for lack of demand http://theeconomiccollapseblog.com/archives/why-is-global-shipping-slowi...
This isn't even counting the ones on railcars getting shipped back and forth all over north america until they find a home.
Nobody in their right mind ships cars by rail unless they have somebody to sign for them at the destination. A lot of the rail car transports are privately owned and are leased to the railroads. It gets expensive, so automobiles don't tour the country by rail looking for a home.
You're right zerozulu but you're wasting your time trying to explain that this is a port and the only reason the cars are there is because they have been offloaded from a ship and are waiting to be shipped out. The parking areas are mostly empty at any rate so it's hardly "jaw dropping". I used to work there but what do I know?
You know what you want to know, and nothing more.
ZeroHedge ... where broken hot-links go to die.
I have a gut feeling my tax dollars are making this happen.
With this type of shit going on, WHO can EVER believe that there WILL ever BE a solution to our PROBLEMS.....This is wrong on so many levels it is mind-boggling....
Want another level?
At this rate, if GM keeps on killing people with "their product" the fines alone will cut the deficit by billions (good right?) course its all accounting gimmickry, the bailout money came (supposedly) from the very people they killed & their families, which it did not.
If the economy wasn't in a "ctr-alt-print exclusive" enviroment, they would be dead, the bonuses, the company, the chicanary.
Sorry bout that, its Friday, I need to lighten up ;-)
This is outright fraud at a minimum. Execs at car companies are sitting around shitting themselves because they know demand is cratering. Oh, but wait, stock options don't vest for another 3 months. Gotta keep it going, spit out the cars, stack em on top of each other if you have to!!!
...the gig CANNOT be up until the options vest!!!
You're absolutely correct. Its all part of "tax law"...when they vest, its at 15%...on hundreds of thousands of "dollars"...which is really just counterfeiting stock (just like counterfeiting money) screwing their "long term shareholders" that they love to stroke by saying "Looking out for the shareholder."
Bullshit.
Now, maybe people will understand why I'm down on "law" in general, the "law" is what lawgivers say it is, not what it is supposed to be, just & fair, to all.
Let it burn.
It depends on the car company. The very high end brands are seeing record sales, not just in the US, but China and India as well.
For US manufacturers, yeah. Everything I'm seeing in the numbers I look as says we're in the middle of 2008 2.0 happening at this very moment.
This is one fucked up depression.
exactly
Just like booksellers. They make such an astronomical profit on ONE sold new book at list price that they can afford to ditch dozens of unsold copies to maintain the fake value.
If they really wanted to sell all of them, they'd put them on discount and the prices would PLUNGE. Cost of production must be near-zero so they can junk them.
Extend-and-pretend is everywhere...!
Then I get the discards, new-from-the-shelves, in the Salvation Army thrift shop at 50 cents or $1 each.
I'll NEVER BUY ANYTHING NEW AT FULL RETAIL PRICE EVER AGAIN.
Thanks for the tip.
Soon it will cost more to build and deploy an IED than it costs to buy the secondhand civilian grade pickup truck that said IED blows up. Ofcourse, you still have the loss of life, but it appears that human life is the cheapest commodity of all.
Watch for a shift from IEDs to truck bombs.
Letter from the IRS:
Dear victim,
Be advised that you records indicate low participation in the economy. Therefore we removed $1,000 from your bank account and put it toward a purchase of a new GM Cobalt for you. It's blue with "pleather" seats. We could not get eclectic windows, but we did secure a CD player for you.
You may pick up your new vehicle from our local office, bring ID and wear loose clothing for the security pat-down.
We also conveniently signed you up for "auto-pay." Your $423 plus $23 service fee plus our $13.13 "economy participation" fee will be deducted from your account monthly. So there is nothing you have to do.
Be aware, failure to make your payments will result in us filing a lien against your house and that nice boat you have. (We're still not sure how you could afford that boat with the salary you make. Another time, though.)
Sincerely and thank you for supporting the economy.
The head DC US thieves and political which-hunters
P.S. and if you don't own anything to put a lien on, we'll refer your case to one of our friendly collection agents to squeeze you like a lemon
http://www.thefiscaltimes.com/Articles/2014/05/16/Get-Ready-Tax-Collecto...
RIP Joseph Stack.
Hotlinking? Tsk tsk...
Apparently these are just the places where cars are parked until they are shipped. Most factories have distribution warehouses, but cars are too big so they are parked outside in lots or at docks or other places where they can be shipped from. If you walked into any factory's finished goods warehouse you'd be just as shocked. Only in times of incredible demand are such places even close to empty.
None of the images (had to find the original business insider article here: http://www.businessinsider.com/unsold-cars-around-the-world-2009-2 ) are of dumping grounds. Many of them are five or more years old.
The more of these articles I see here on things I know about the less I am going to trust the others.
Nice investigative sleuthing. It sucks to learn the truth after forwarding the article links to others. It causes one to lose their credibility.
No doubt the MSM has also engaged in such shenanigans.
Nice job.
Thank you!
isn't 'hot linking' usually done in the back seat of the car?
We are so, so fucked.
There's a fenced-in private parking lot near here, used to be overflow parking for a private college, now it's filled with brand new Hyundais and BMWs. As soon as I saw it I knew what was up.
Pssst....wanna buy a new car for cheap?
I see new single and multi family dwelings
The obvious problem is that inflation is too low.
If they just jacked up the prices those cars would be selling like hotcakes.
I'm paying $200 per short ton for untitled new cars. Only a few bucks less for 'creampuff' used cars. Older cars in unoxidized condition, $175 per ton.
I will empty those storage lots for current scrap price plus a small service fee. And to add; the authors of this too long article, have never actually managed an auto storage lot.
Stand on that gas pedal!
a little miss allocation, miss understanding , miss appropriation,
and miss adventure for the miss educated by miss pricing
due to ??????????
the fed money shit hole and associated tape worms.
.
Cream - "Steppin' Out - 1966
https://www.youtube.com/watch?v=yGJSKFZWM8M
.
i blame the music. ??? what?
Insane.
And every one is packed with ammunition, Fed-owned mortgage backed securities and fake Hawaiian birth certificates.
Who's got the largest "prison population"? Ding...Ding USSA!
Gotta love those " Black & (tans) whites!
http://en.wikipedia.org/wiki/United_States_incarceration_rate
I'll wear the junk as an badge of honor!
can one spell daflation?
I know a guy who lived and worked in Romania when it was part of the USSR. He told me that they would dig holes one day and then fill them up the next day. Something similar is probably happening here. Build cars today, destroy them tommorow.
1) Romania was part of the East Bloc, but not part of the USSR and 2) the Keynesian fallacy of hole digging/filling growing the economy did not literally happen anywhere. Still, good analogy.
Well it's happening right now in my local council. They have been digging holes then planting trees in them, then digging up the trees and filling the holes in again. Also, they have dug holes to put bike racks in, then dug up those bike racks, to put different bike racks in.
it's been happening on Interstate 71 between Columbus and Cleveland for the last 35 years. seriously, it's only 150 miles. are you telling me it takes 35+ YEARS to add two lanes of highway to an existing one?
meanwhile, our neighbors to the north have made an absolutely beautiful highway out of blasted granite on Highway 69 between Barrie and Sudbury in about ten years. people in the States pay big money for granite counter tops. the Candians drive on that shit.
Welcome to the world of Central Planning and Government Bail Outs of fat cats!
Went by mall parking lot in Washington DC suburb - around 8:00 AM this morning. There were literally several hundred if not a thousand cars, many makes and models, new and used, sitting in the mall parking lot. These were not employees, no license plates on these vehicles. Only several miles away, hundreds more cars in the parking lot of joint commercial office buildings. Not only are these cars being "stuffed" at "extended" dealer inventory lots (and not being sold), but I thought to myself, 1) mall traffic must be way down if they can afford to give up so many spaces and 2) these two huge office buildings must be completely empty as the entire parking lot of these two fairly large buildings were completely filled. Seems we have ghost malls, ghost office buildings and, I guess, ghost cars, right here in the good ole US of A...
Ghost recovery for a ghost economy.
i just want to see one picture or one affadavit of a new car being destroyed or salvaged.
If you see one, they'll have to kill you.
Wow! Like WW2 when they just destroyed thousands of newly built trucks, airplanes and the like so it wouldn't compete with post war demand. I worked at a college that had bought lots of war surplus ( apparently schools could bid on the stuff) and they had bought surplus quonset huts to store the stuff in. When I opened one it was full of thousands of 35 year old light bulbs or all wattages, thousands of rolls of friction and electricians tape, really expensive testing equipment still brand new in hardsuitcases, bomb hoists ( I put one of those my pickup truck) and electrical wire.
+1000) its been a war hasn't it, and the war is over.
Could make some interesting crop circles out of these collections. It's too bad that GM management has so f'ed up their products as the new Cadillac STS looks quite awesome.
Wow
I live in one of the three incorporated cities in the county, pop. <8,000. County pop is < 100,000.
Every day I drive by a GM dealer and I'll bet my life he has over a 1000 vehicles on the main lot. And recently I noticed he has bought or leased property across the highway to put even more cars. WTF???
And that is just ONE dealer and one brand.
Fucking morons
My 19 year old Ranger with 254,000+ will probably die right outside my window...maybe with me in it LOL!
Kudos my friend, 19 year old ranger with 265,000. Works fine, plus I don't want the black box, or cameras, or built in tracking devices or speed governors. Ford is still hoping I trade up to one of their, wait for it, $64K top end new F-150s. Not gonna happen.
the 80/94 corridor on the souther end of Lake Michigan is one of the heaviest traveled 30 miles for traffic in the country, especially truck traffic. There are currently many of those huge billboards for lease. The Tri-State Tollway which runs NW from there also is full of billboards for lease. 10 million residents in 6 counties and that kind of traffic and empty billboards. I call it the EBQ or empty billboard quotient. See businesses that pay 5 to 8 thousand a month to rent those billboards don't or won't do so if they don't see it coming with a return on inverstment. There are some new ones put out by the state of Indiana trying to lure businesses and people to move from Illinois. they say simply ILLINOYED YET? Tolls, taxes, corrupt government poster children everywhere. Happiness will be Illinois in my rearview mirror soon and very soon.
These cars are kept on somebody books at full value, so will not be sold at discount.
Where have we seen this before?
PE will snap these up and rent to Serfs after next "crisis"...
So are homes in mark to magic world. Color u shocked I'm sure!
Will not OFFICIALLY be sold at discount.
Someone, somewhere has a headache from all these cars. I'm quite sure that great bargains can be had, if only you find the right person and word your request carefully. Remember: otherwise they will be scrapped in order to create artificial scarcity and keep prices high. Who does the scrapping? Maybe he would be easier to work with. I think licensing and rego will be the hard part.
Worth looking into for the right person in the right place. And car dealers need to re-assess their business model. Sure you might lose sales, but you weren't getting those sales anyway. Once those cars are on the road, you'll get the servicing and maintenance business. Isn't that better than nothing?
This is just an Avis rental area for the latest ghost airport in china. Move along, move along
Mount solar panels on them. That's all I have.
It costs the car companies to manufacture these cars - labor, materials, wear-and-tear on manufacturing facilities. How can the companies survive this insanity other than with taxpayer bailouts? The article states:
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.
However, how will the car companies pay their suppliers and workers if they do not realize any cashflow from these millions of cars? Is the author suggesting that the car companies' strategy is rational or the best available? Is someone other than the car companies' management dictating this strategy? Is this the way that our comrade central planners avoid, however temporarily, the final collapse?
Even Government bailouts end. Not sure how long you stay in business and keep making things that no one is buying. At some point, it all stops. Has to.
LoL... companies don't pay their employees... EBT & SNAP do. Just ask Wal-Mart how that works.
just ship them to china and park them on the streets
of the cities with no people and then invite some
pets and people to care for the "capital".
No worries. The Fed has it covered.
All I could think of was the soviet command economic model, except there's nobody at this helm, it's on autopilot.
There's plenty of available parking in Belgium, from what I understand.
need someplace to store all the tsy's they bought. stick them in the trunk for safe keeping. those belgium guys are really smart. take down so many tsy's cheap now. rich tomorrow.
Going to have my used '99 Ford150 pickup buried with me, no more new cars. No real estate either, never will give any more public-pensioned workers access to my money. Each of those cars corresponds to an empty unsold house somewhere in the world. Eat sxxt and die vampire bankers. If you're stupid enough to keep on manufacturing you deserve your fate.
my last purchase ever 2000 F150. I have cut my driving down to 1K miles per year.
Supply side economics gone mad. I hope someday capitalism returns to America.
In the mean time, those cars have been built. They should be driven. Those cars shouldn't be put on hold just to await the return of capitalism.
Actually, with a few, well thought-out phone calls, some enterprising capitalist might be able to organize shipping some of the newer models out the back door of the scrap yard, if you know what I mean - a more realistic version of the comment I made earlier about "storing a car or two at my place".
That law already exists, the precedent being set by the Obamacare Supreme Court decision.
You will be required to purchase one or the IRS will impose penalties. There will be a spectrum of subsidies indexed to income, meaning the FSA will all get one free, while you will have to pay out the ass.
Aren't most of these pictures from 2009?
As the piece said - do your own looking.
I am as I type this.
Google Earth time stamps/the imagery date in the view I'm looking at as 7/18/13 - so unless this is Patton's fictitious army in MaidenfuckingHead - this is a solid post.
From what I see....it's Car-a-Palooza
Most Baby-Boom retirees, like me, refuse to take on ANY debt.
I sure don't need a new vehicle. I drive my 21 year old van about twice a month; that way it should last for a while yet.
Last time I remember anything close to this was when Ford was selling their "Ford 500" (which was the replacement for the Crown Vic) at half-price. New 2005 cars with a sticker of $30k or so offered in early 2007 for $15k and some change. Brand new, not demos.
I'll bet we'll see something similar now, plus all the off-lease 2011's and 2012's are going to be worth-less!
Legislation should be passed giving these manufacturers carbon credits for saving mankind from the carbon these unused cars are not producing
I would work for one of these cars...
DeusHedge Wait a while, they might pay you to haul it away.
Why is the glass alway half empty? There is plenty of room to park more cars.
Yeah, like, for instance, at my place. Just gimme the keys...
Has anyone seen this 10 yr chart on annual (or monthly if selected) gasoline sales by day???
Stunning. 1984 through 2004 about 60K per day. Now approaching 20K per day.
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=a103600001&f=a
Bogus chart. Unintentionally.
It's 100% accurate, and means nothing. Those are sales from retail outlets owned by refiners.
Refiners began divesting their retail outlets in . . . yup, 2006. They sold them to independent outlets, whose sales are not on that chart.
So that chart does not speak to decline in US gasoline consumption -- though that parameter HAS declined.
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=C100000001&f=M
And diesel didn't take up the slack either.
EPIC waste. If anyone doesn't understand or doesn't believe Rothbard, VonMises et al., this is your data, bitchez.
EPIC malinvestment.
This seems appropriate:
http://skeptics.stackexchange.com/questions/20621/are-there-lots-worldwide-filled-with-thousands-of-unsold-new-cars-left-to-ruin
Precisely. It's bullsht. The premise of the story may be valid, but the most of these photos used for this article are recycled from 2009.
Iterative journalism ?
Yes. Most of the images on Google Maps are several years old.
Good find DeeDee.
Aww, you ruined my Saturday morning. How I have to live with knowing that the global economy is fine and my attitude about it is wrong.
So does this:
http://jalopnik.com/that-zero-hedge-article-on-unsold-cars-is-bullshit-1578124255
Seeing all the high ratings it got here tells me everything I need to know about the kind of ratings Stormfronters on here get from their butt buddies for every anti-semitic "ZOG CONTROLS EVERYTHING AND JEWS DID 9/11" retard rant.
People like myself will hold onto paid off cars/SUVs from 2008-10. My next purchase will be an old M5 v-10 or 4.8 twin turbo. In today’s market, there is always a muppet who couldn’t afford the car. I only require black with black interior.
BMW M5. FINALLY UNCHAINED. 2014 advert
Mrs. Atomizer crashed my 750li in the driveway, some years back. true story.
My mechanic, and he's a very good mechanic, refuses to own a car built after 2002. Too many chinese parts, he says.
Tyler my hats off to you for a rip roaring week for your reportage on the beat.
From the "London Fix" scandal at the start of the week and now this on the automotive industry as the epitomy of waste in an economy that is nothing less than a "hall of mirrors"...
Superb!
Automobile manufacturers as yeast in fermentation. Keep shittin it out, till you drown in it yourself.
time to un-diversify (in a time conscious manner) outta muh PGM holdings. Well...actually been watching the China/CC converter/SAfrica/Russia s/d "dynamix" for a few years, been planning on doing it for a while. Just waiting for peak-muppet stupid PGM interest/spec to reach it's apex for the "alterna" transitional elements. Used it have a thing for Rh, based of future demand for Chinese 3-way CCs. Plenty of recyclable supply.
ack...Long fountain pens!
Crazy world, good story Tyler
Do not be alarmed, the thing is simple.
Let's recycle, we spend twice as much to dismantle the government prints more bonus for food.
hehe.
Some time ago the Russians sent back to japan because they were several cars with radioactivity above normal.
An engine factory is 48Km from Fukushima.
No Japanese terrorist, and just turn off the lights, he cruse!
hehe
Can we get a few pictures of where all the extra people without jobs are parked?
Just one guy parked all of them for $1.00 a car not a bad business to be in..It just dawned on me ,,if all those cars have at least three gallons of gas that would be??????????
Solution - put all these cars on the ship shipping ships that are shipping shipping ships.
Those 2 items combined say recovery! loud and clear - bullish!
My thoughts exactly.
Fucking politicians will tout the "valet" effect in parking these motherfuckers (jobs, see? we are doing something......the cunts)....no matter where these shit-boxes go/end up.
The explanation/excuse of they are headed for foreign consumers is fucking laughable.....otherwise there would be massive ranges like this in the US....(and there may be, camouflaged somewhere in places like Harry Fucking Reids' desert in Nevada. The gubbermint owns 91% of that fucked up casino/only shite-state.)
Channel stuffed to the gills, the US automakers simply lie about it - and don't build the fuckers.....phantom cars and trucks, a la the wasteland that is Detroit.
After all, it IS Government Motors.
Time to list these mcDs $1 menu
Uk car biz doing ok at the moment. Sunderland exports alot of motors, so the pics are likely a staging station awaiting eu lorries to pick up and deliver.
Yes. Likely. Sure.
Over 3 million cars are waiting to be sold in the US at any time, so a few hundred thousand in the UK wouldn't be unusual.
We should stack um up into a giant pyramid. And cap it with a big camera. Just tell everybody its gonna shit skittles for them if they do a good job. Rant off.
Suddenly my apparently foolish purchase of useless desert acreage is beginning to look like genius. GENIUS! A giant parking lot just outside of exciting downtown Barstow. I shall call it "Detroit Dunes". The cars and the money will roll in surely. Sort of like fiat for Fiats.
Two Words
DESTRUCTION DERBY!