Too Many Cars and Nowhere to Put Them

Photograph: Nigel Roddis/Reuters

If you haven’t slept the last 6 months away, you would know that the recent downturn in the economy is affecting us all. People are waiting to make large purchases and investments – a large economic pause is in effect. One of the biggest hit areas is the auto industry. A combination of thousands of layoffs world-wide from all of the large manufacturers and consumers keeping their cash in the bank, the question is where are the unsold automobiles going? Well they aren’t going anywhere. Stocks of unsold cars all over the world where lots, bays and docks are reaching near capacity. Soon these manufacturers will be looking for new inventory solutions or ways to get these cars into people’s garages. Maybe its time to offer a different transportation solutions if people are no longer buying automobiles and are driving less.

Thanks Guardian for the news source.
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