Where the World's Unsold Cars Go To Die

Discussion in 'Too Hot for Swamp Gas' started by 96Gatorcise, May 17, 2014.

  1. 96Gatorcise
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    96Gatorcise Well-Known Member

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    the OP article points out that cars are being built to last longer and the economy is keeping people from buying new cars as often yet the auto companies are pumping out cars no matter this fact.
  2. LittleBlueLW
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    LittleBlueLW Well-Known Member

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    seems like the auto makers sure think so doesnt it?

    We are kind of a materialistic society.
  3. tilly
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    tilly Well-Known Member

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    I never buy new cars. Never. I get a nicer level car for the same price as a new one with less options this way, by just letting someone else take the initial hit.
    I started doing that years ago, and have basically bought used, resold while still having value and in many cases can now pay cash. ( took money saved from payments, keep it in savings and buy a fully loaded GENTLY used car without a loan and interest.) I once had a business truck that was nicer than many of my peers, but they had $400/month payments and I had no payment. I was willing to get a 4 year old truck.
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  4. chemgator
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    chemgator Well-Known Member

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    That doesn't make sense to me. For one thing, I've been checking inventories at a dozen Toyota dealerships for a certain color and model, and no one has it. If the manufacturers were overstocked on inventory, wouldn't the dealers be as well? For another, automakers in general cannot go more than a few months without selling vehicles. It is a huge financial loss to let your capital sit in a parking lot rusting. GM would already be back in Washington looking for their next bailout if they had six months of inventory stacked up.
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  5. 96Gatorcise
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    96Gatorcise Well-Known Member

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  6. gatorman_07732
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    gatorman_07732 Well-Known Member

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    I used go get a new vehicle every 3-5 years. Last time a bought a new vehicle was 2000 and my wife in 2002. It's just a huge sucking sound on finances. You're right about the initial hit of just driving that car off the lot.
  7. fastsix
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    fastsix Well-Known Member

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  8. 108
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    108 Premium Member

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    reminds me of paying farmers to not grow crops
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  9. ncgatr1
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    Cars are ridiculously priced
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  10. chemgator
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    chemgator Well-Known Member

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    Baltimore is one of the biggest ports in the nation, and its not located very near to any auto manufacturing plants that I'm aware of. Why are automakers parking excess cars in Baltimore? Not Michigan, Ohio, Kentucky, Alabama, etc.? Baltimore real estate is also much more expensive than real estate in those other states. Why would automakers pick the most expensive place to park cars? It's almost like the cars are being shipped overseas or arriving from overseas. That is by far the most likely explanation. I call Shenanigans on the OP article. Large numbers of cars are probably being sent to places like China and Saudi Arabia.
  11. busigator96
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    busigator96 Moderator

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    This is what happens when we are too productive and there is not enough money in the system. All this proves that car prices are artificially high.
  12. busigator96
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    busigator96 Moderator

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    Sounds like you rather pay yourself instead of paying the bank.
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  13. tilly
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    tilly Well-Known Member

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    Winner!
  14. busigator96
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    busigator96 Moderator

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    Last edited: May 19, 2014
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  15. vaxcardinal
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    vaxcardinal Well-Known Member

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    or someone tried to make up a story based on a picture.
  16. gatordowneast
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    gatordowneast Premium Member

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    We may as well blame him. Tons of other stuff on him, he has not been blamed for. And Carney will finger a video and some other poor schmuck will get tossed in jail.
  17. exiledgator
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    exiledgator Gruntled Premium Member

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    Yeah, no one has blamed him for anything. lulz.
  18. tim85
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    tim85 Well-Known Member

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    It's the nature of the business. Heck, Obama's Administration and a lot of Liberals are still blaming Bush for a lot of stuff. Obama should expect the same, he will get it as well.
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  19. exiledgator
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    exiledgator Gruntled Premium Member

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    Absolutely. Which is why I commented on the poster claiming Obama hasn't been blamed for anything. That's like claiming Fred doesn't blame Bush for anything.
  20. tim85
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    tim85 Well-Known Member

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    True. I really think the vitriol we're seeing towards Obama is really just the reversal of roles of what the left did with Bush. Both sides deserve each other.
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