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May 19, 2014 | 10:30 AM

AARRA

Thread Starter

Racer

Joined: Dec 2013

Posts: 307

Likes: 15

From: Marlboro New Jersey

Interesting Read

http://www.zerohedge.com/news/2014-0...ld-cars-go-die

May 19, 2014 | 10:54 AM

80Baby

Burning Brakes

Joined: Mar 2010

Posts: 987

Likes: 7

From: Surrey British Columbia

Whew!!! No C3's in any of the pictures What a relief.

May 19, 2014 | 11:22 AM

20mercury

Safety Car

Joined: May 2008

Posts: 3,753

Likes: 721

From: Lafayette Louisiana

likely needs to be moved to another section???

But hey, is this not another example of too much government and not enough free market, LOL's!

May 19, 2014 | 11:37 AM

jim-81

Drifting

Joined: Dec 2011

Posts: 1,743

Likes: 289

From: Chardon Ohio

HOLY CRAP! is all I can say. (assuming the pics are real) I would have never guessed that there were that many unsold cars. Just imagine all of the wasted industrial production used to make all of these cars.

ZH is a good site.

Jim

May 19, 2014 | 11:44 AM

bebezote

Pro

Joined: May 2013

Posts: 653

Likes: 36

Quote:

Originally Posted by 20mercury

But hey, is this not another example of too much government and not enough free market, LOL's!

exactly !! great point !

May 19, 2014 | 12:41 PM

jim-81

Drifting

Joined: Dec 2011

Posts: 1,743

Likes: 289

From: Chardon Ohio

okay, it looks like this is BS:

http://jalopnik.com/that-zero-hedge-...***-1578124255

May 19, 2014 | 02:19 PM

AARRA

Thread Starter

Racer

Joined: Dec 2013

Posts: 307

Likes: 15

From: Marlboro New Jersey

Quote:

Originally Posted by jim-81

okay, it looks like this is BS:

http://jalopnik.com/that-zero-hedge-...***-1578124255

Thanks for posting that. I will read it in detail this evening. When I read the article that I initially posted, I was skeptical, but my brother-in-law (who knows everything) is convinced that it is the gospel. It would b nice if he is wrong for once.

May 19, 2014 | 03:49 PM

joewill

Safety Car

Joined: Sep 2007

Posts: 4,458

Likes: 331

From: Indy Indiana

I have bought the late in the model year, but still new, cars a few times in the past and do expect a substantial discount. some dealers will give you a steep discount, but in the end, the end consumer is not privy to the knowledge of how much overstock the company may have. they don't want to give you that bargaining chip.
a company will have teams and teams of bean counters with intricate formulas for supply and demand and they are only thinking of bottom line earning per share.

I expect any mistakes made are very soon mistakes corrected. There's probably a little of truth in both articles.