Examples: [Collected via the Internet, May 2014]
Above is just a few of the thousands upon thousands of unsold cars at Sheerness, United Kingdom.
There are hundreds of places like this in the world today and they keep on piling up...
THE WORLDS UNSOLD CAR STOCKPILE
Houston...We have a problem!... Nobody is buying brand new cars anymore! Well they are, but not on the scale they once were. Millions of brand new unsold cars are just sitting redundant on runways and car parks around the world. There, they stay, slowly deteriorating without being maintained.
Below is an image of a massive car park at Swindon, United Kingdom, with thousands upon thousands of unsold cars just sitting there with not a buyer in sight.
The car manufacturers have to buy more and more land just to park their cars as they perpetually roll off the production line.
[Remainder of article here.]
Origins: The May 2014 article and photographs referenced above supposedly depict millions of brand new unsold cars, vehicles that are continuously churned out by automobile manufacturers around the world even though there is no demand for them and that end up sitting in car parks "slowly deteriorating without being maintained," forcing manufacturers to "buy more and more land just to park their cars as they perpetually roll off the production line." Although the displayed photographs are real, they are mostly several years old (reflecting conditions that existed back in 2009), and they do not now necessarily depict what is claimed in the accompanying text.
- The first photograph was taken from a May 2009 article about an Atlanta car dealer noting that in the first four months of that year, 60% of his retail sales profits had come from vehicles that sold for $4500 or less (rather than from new or near-new cars).
- The next photograph was taken from a January 2009 article about slumping
new car sales in the UK and captured a view of some of the thousands of unsold cars that were then being stored at Avonmouth Docks England, while sales of new cars in the UK had slumped to a 12-year-low.
- The third photograph appears (without additional comment) in a March 2009 Boston.com collection of images reflecting "Scenes from the recession."
- The next photograph was taken from a January 2009 Guardian article about "growing stocks of unsold cars around the world" which noted that "storage areas and docksides are now packed with vast expanses of unsold cars as demand slumps."
- Another photograph was taken from a July 2009 Russian article about land near a
St. Petersburgairport that was "stuffed with unsold imported foreign cars" because car sellers in that country "say that they got too much overstocked with this inventory and now they simply use all free territories available to pack them with thousands of cars."
- Additional photographs came from a February 2009 forum post at PakWheels.com collecting pictures of "Unsold cars from around the world."
Additionally, it isn't 2009 any more. Although these pictures captured some large overstocks of new cars that were produced just before a huge unanticipated drop in demand, that was a temporary phenomenon from several years ago. British automobile production, for example, has since rebounded to hit a record high in 2013 (with a car being produced every 20 seconds that year) because UK car sales also reached their highest level in the past several years in 2013, with consumers purchasing a total of 2.26 million vehicles:
The Society of Motor Manufacturers and Traders (SMMT) said that
That was a 10.8% rise on 2012, although the figure is 6% lower than 2007's
The 2013 total was boosted by a 23.76% rise in sales in December, marking the
For example, we can find how many cars are being sold in the U.S. now, along with plenty of historical data. In 2009, when these photos were taken, U.S. auto sales were running at barely a 9 million annual rate. Fast-forward to today and, as we learned at the beginning of this month, we are running at an annual rate of more than 16 million autos. That is an improvement of
Ritholtz, Barry. "The Truth About Auto Sales." Bloomberg View. 19 May 2014.