Thursday, February 19, 2009

Unsold Cars

If you're flush with cash (and who isn't these days) it's probably time you bought a new car. As evocatively told in the British newspaper Guardian, international automakers are sitting on a growing reserve of unsold, new cars, even after factory furloughs have failed to sufficiently scale down supply to meet the slump in demand.

Some of the images of the docksides and storage lots with vast expanses of unsold cars are a pretty sobering reminder of the scale of globalized consumerism and the consequences of the recent downturn. 

But truly, if basic market economics still hold any water, if you ever wanted 10 Hummers for the price of 1, now's probably the time to make that happen.

No comments:

Post a Comment