Wednesday, Jan 28, 2009
I never thought we would see this in the UK!!
The sun: 8,000 Hondas are mothballed
No doubt they will use this as an excuse to say land vlaues have to go up and houseprces go up too due to lack of space left after storing millions of cars that won't sell..... simple drop the price and sell em...
Posted by mark @ 11:04 AM (421 views) Add Comment
6 Comments
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1. will said...
I remember in the 1980's recession, if you bought a 'brand new new car' you were warned by the motoring press to check the date of manufacture, as many buyers discovered their pride and joy had been sitting on a runway for two years prior to delivery. Stale oil in the sump and rubber perishing and nasty niffs inside. Seems those good old days may return.
2. mark wadsworth said...
"drop the price and sell 'em"
Tut tut! That's the 'free market' solution. The modern solution is to hold out for £2.3 billion of taxpayers' finest, albeit that half of this comes via the EU.
3. tinker said...
It really is quite bizarre. In most industries if you have too much stock, you have a sale, to shift that stock.
Why are we bailing these companies out? They failed to assess the market properly and plan for the inevitable bust!
It seems very wrong to me, to waste this taxpayer money in such a way.
4. shipbuilder said...
Remember the rule - what benefits the ordinary majority will not be done. Selling these as knockdown prices benefits us, not the shareholders, so it won't happen while the easy alternative of taxpayer's cash is available.
5. drewster said...
The problem is a global stalemate in car production. If half the world's countries let their car industries collapse then the other half will recover nicely without the competition. This gives each country an incentive to keep its car industry going until other countries let theirs fail. One fair solution would be to negotiate global production cuts, e.g. each country cuts by 20%. However that strategy never worked for OPEC.
6. will said...
Yes have a sale - I needed to replace my sons mouthguard for Rugby this morning. Went to JJB Sports to discover they were having a 95% Sale. Mouthguard cost me £12, not in the Sale.