Inventories of US autos in China recently exploded [4], as sales collapsed [5], leaving 1000s of vehicles gathering dust in Chinese ports [5]... such as Tianjin. With credit collapsing - except for buying stocks on margin - it appears the Chinese have found an alternative way to drawdown that inventory...
[6]
[7]
[8]
[9]
With inventories at record levels...
[10]
And inventories-to-sales flashing recession red. One wonders if Automaker management 'hopes' for some more apocalyptic scenarios in global ports to drawdown this stack of vehicles that no one is buying.
