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If you need a car and can wait a bit, you might end up with the deal of the century.
The Silver Bear Cafe Hey!! lets give GM more money so they can make more. |
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It's costing them $$ every day to store those cars too. No wonder they are hemmoraging money.
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I'm not sure that was an unusual sight even in the boom days of car sales. I remember taking a cruise out of Charleston, SC in 2003 or 2004. The port of Charleston is where most (all?) of the German-built BMW's arrive in the states. There was similarly large FIELDS of new cars sitting there. Personally, I don't think most of the images on that site are that far out of the ordinary . . . but it certainly makes for sensational media.
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New cars are stored at various places as they await shipping to their next/final destination. Of course most of these cars are "unsold." Some might be special-order, but most are destined for dealer lots, where they are then sold. |
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True, we do not know, which makes those pictures meaningless. No date/time stamps, etc. No context as to why the cars are at those places. More than likely most of them are simply waiting to get sorted for transport to their next destination.
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I don't expect a significant drop in new car pricing. Unless the manufacturer or dealer goes bankrupt and they are trying harder to liquidate. They have all scaled back production to match the demand. If they slash pricing to the point that they don't make a profit, then how will they dig themselves out of this mess?
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Keep in mind they have time working against them. No one wants to buy a "new" 2009 model when 2010's are sitting on the lot, already on sale. |
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I drive a 1998 model. If the same car were available today, maybe with some updated safety features, I'd buy it. It isnt, though. The 2009 model by the same name bears very little resemblance to my car and I don't happen to like it.
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Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going. |
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"Those who can't remember the past are condemmed to repeat it".- George Santayana. |
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