Unsold cars pile up

[CoDer]

"It's unusual that they would be here longer than a few days, but that's the situation now," said Art Wong, a spokesman for the Port of Long Beach. "They can't move it through their pipeline fast enough so they are asking for additional space while they keep their vehicles here more than a few days, and in some cases more than a few weeks."

Full story http://news.yahoo.com/s/nm/20081207/...us_autos_ports

Padala na lang kaya yan dito as surplus.

[tidus1203]

I have read nga sa UK daw merong buy 1 take 1 promo. 2 Dodge Avengers for €24K. Interestingly those are American cars. Unwanted talaga mga US cars... That is a good deal, but I am sure the dealer is just cutting his losses already...

http://news.abs-cbn.com/classified-o...beat-recession

Dealers in the US also face with huge fall in demand. They have so many stock of vehicles which can be potentially be axed by GM as part of its restructuring. Brand like Saturn, Hummer and Pontiac. Syempre mga customers ayaw bumili ng cars na may chance to be axed or not supported anymore...

http://www.abs-cbnnews.com/business/...ts-uncertainty

[uls]

that's what happens when banks tighten credit

[tidus1203]

And that is also what happens when car makers make vehicles that are too expensive that people will end up still getting bank credit just to buy the car.

[uls]

that's what happens when people have no savings and live on credit

[Horsepower]

Siguro kung BMW yan, people would scram to get it. hehehe.

Buy one M5 and take one M3 for free!! wow. :D