I would love to hear if this is normal in the car industry…
Where the World’s Unsold Cars Go To Die | Zero Hedge
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 d…
This post has been reshared 3 times on Google+
View this post on Google+
I'd love to see if it's real too. Seems cheaper to lower the price than to buy all kinds of land to store them and they would still lose all kinds of money by having so much unsold inventory.
I assume there is a scrap to sales ratio…… But… This seems like photos of Port locations where cars come into countries.. Which is perfectly normal..