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Car Glut
Cars. Cars. Cars. If you thought there was a small problem with the economy, check this link from The Guardian.co.uk. Someone said a picture is worth a thousand words. There are thirteen pictures of very large areas filled with new cars from ports and factories around the world. Car values are going to go through the floor, and there is no basement to stop the fall. How low will low be? Think a tax break is going to spur car buyers? How upside down are car buyers from a year or two ago? 3 comments from 3 users
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posted by
vanityfair
on Feb 10, 2009 at 06:36 PM
Wow. I looked at all 13 pictures ... powerful images. I do think Ford deserves a bit of a nod for dumping Jaguar and Land Rover in Tata's lap last year. Someone there saw this coming. posted by
sagefever
on Feb 10, 2009 at 06:38 PM
Wow....sobering. posted by
siouxcityranch
on Feb 10, 2009 at 07:02 PM
i remember in 1970 when i was still in high school... I worked summers weekends and vacations for a car..I bought a 1969 camaro for $3000..back then i thought it was a fortune..man it would be nice to relive that scenario again..I think one more new truck would last me until they carried me out feet first..
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