Living near a storage facility for foreign automobiles Ive noticed that the lot is overflowing with cars. Im talking they are backed up to the interstate with more arriving daily. So I did a lil search found out this is not the only place overflowing with unsold cars. http://www.youtube.com/watch?v=InEP2...e=channel_page
with foreign car manufactures the real problems lie with the dealers, to many of them went out of business, no one to sell cars. its not all bad though, sometimes auto makers will take back extra inventory, turn them into race cars, then sell them. Mazda has done this for years.
I see some fire sale incentives popping up. Home builders are knocking 10's of thousands of $$ off the price of new homes just to move them so I'm sure the automakers will do the same.
1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "
"[T]he people alone have an incontestable, unalienable, and indefeasible right to institute government and to reform, alter, or totally change the same when their protection, safety, prosperity, and happiness require it." --Samuel Adams