GRRReen, Inc. » unsold cars http://grrreen.com High performance power management systems Tue, 10 May 2011 15:28:14 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 Consumers to car-makers: “We’re not buying” http://grrreen.com/2009/02/consumers-to-carmakers-were-not-buying/ http://grrreen.com/2009/02/consumers-to-carmakers-were-not-buying/#comments Wed, 04 Feb 2009 23:33:12 +0000 Tom Stacey http://grrreen.com/?p=174 If markets are conversations, people around the world are world are making a major statement about the future of the internal combustion engine: Unsold cars are piling up so fast that there’s no room to park them.

Not around ports at least, which is why a growing number of cargo ships are now doing double duty as floating garages. cars_on_ship

Treehugger.com points to an article from the Financial Times detailing the trend.

Car manufacturers are increasingly using ships to store excess vehicles because ports’ parking areas have become overwhelmed by the build-up of unsold vehicles…

Some ports have run out of storage space as recently imported cars or vehicles awaiting export sit unsold following the sudden fall in demand.

What will happen to this huge inventory? Prices will have to fall.

Do you think some of these vehicles could regain value by being converted to more fuel-efficient plug-in hybrids?

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