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What happens to unsold new cars?

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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. read more

To get rid of cars, dealers have to price cars to sell. Iny says unsold cars are a big problem for dealers. "Especially when the dealer was forced to take a bunch of unpopular vehicles or the wrong colour and wrong options by the auto maker," Iny says. read more

Where the World's Unsold Cars Go To Die In the past several years, one of the topics covered in detail on these pages has been the surge in such gimmicks designed to disguise lack of demand and end customer sales, used extensively by US automotive manufacturers, better known as "channel stuffing", of which General Motors is particularly guilty and whose inventory at dealer lots just hit a new record high. read more

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Where the World's Unsold Cars Go To Die | Zero Hedge
Source: zerohedge.com