Graveyards for Unsold Cars
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When automakers have unsold cars, they often ship them to locations where the automobiles sit until they fall apart. An article in Zero Hedge claims the lots are vast graveyards for unsold cars, but other observers are challenging the charges. One of these massive parking lots for unsold cars is in Sheerness, in north Kent, England. There are hundreds of similar lots around the world, including more than 57,000 rotting cars in one location in Baltimore. The report claims sales of new cars has been declining over the last few years, leaving millions of cars without an owner. They sit in the giant lots, unused and unmaintained. As manufacturers produce more cars, the companies buy more land around the auto graveyards to contain the vehicles. Zero Hedge stated, "The car industry would never sell these cars at massive reductions in their prices to get rid of them, no they still want every buck. If they were to price these cars for a couple of thousand they would sell them. However, nobody would then buy any expensive cars and then they would end up being unsold." Many of these giant lots are visible on Google Maps, including a former test track in Sunderland, England. That track was recently closed due to the enormous number of unsold cars covering the grounds. The latest map views show the automobiles disappeared, according to Zero Hedge. Matt Hardigree, writing for Jalopnik, states that many of the pictures shown by Zero Hedge are old. He said, "Go back into the Getty or AFP or AP sources for these photos and you'll see, by and large, they're photos from the middle of the post-recession Carpocalypse when the car market collapsed in Europe and the United States." If the reports of auto gravelyards are true, this would not be the first time corporations have thrown away vast quantities of unsold product. In 1983, Atari buried tens of thousands of copies of their video Game, E.T. the Extraterrestrial, after suffering the worst failure ever in the history of electronic games. http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die http://jalopnik.com/that-zero-hedge-article-on-unsold-cars-is-bullshit-1578124255 http://www.zerohedge.com/news/2014-05-01/another-month-another-gm-channel- stuffing-record http://www.vincelewis.net/unsoldcars.html http://www.snopes.com/photos/automobiles/unsoldcars.asp Download your free Next News "Heroes & Villains" Poster here: http://nextnewsnetwork.com/the-2013-heroes-villains-posters Donate USD: http://nnn.is/donate-dollars Donate BTC: http://nnn.is/donate-bitcoin LIVE: http://NextNewsNetwork.com Facebook: http://Facebook.com/NextNewsNet Twitter: http://Twitter.com/NextNewsNet Sub: http://NNN.is/the_new_media Meet the Next News Team: http://youtu.be/2QnNKwQ2WkY Hashtag: #N3 About: Next News Network's World News program airs daily at 6pm and 11pm Eastern on Comcast, DirecTV and Over-the-Air and Online at http://NNN.is/on- World News is available to 6 million viewers from South Beach to Sebastian, Florida and to 2 million viewers in Boston, Massachusetts via . broadcasts on RF channel 44 (virtual channel 9) from Palm City and is carried on cable TV channels 44 (SD) and 1044 (HD) by AT&T, on cable channels 17 (SD) and 438 (HD) in West Palm Beach by Comcast, on satellite channel 44 (SD) in West Palm Beach by DIRECTV, and on -Boston which broadcasts on RF channel 38 (virtual channel 6) from the Government Center district in downtown Boston. More about : http://en.wikipedia.org/wiki/ #SR