Unusold cars pile up.

[Bindare_Dundat]

Nissan has announced plans to cut its Sunderland workforce by 1,200. Thousands of unsold cars are stored around the factory's test track. Photograph: Nigel Roddis/Reuters





Imported cars stored at Sheerness open storage area awaiting delivery to dealers
Photograph: David Goddard/Getty



The build-up of imported cars at the port of Newark, New Jersey
Photograph: Mark Lennihan/AP



Newly imported cars fill the 150-acre site at the Toyota distribution centre in Long Beach, California. Photograph: David McNew/Getty

[Hereford]

Drop the price far enough, and I guarantee all those cars will sell...

[24KT]

It's not new cars that aren't selling, ...scrap dealers are having a heckuva time selling their metal to automakers cause they stopped making cars.

[gordiano]

Drop the price far enough, and I guarantee all those cars will sell...

Yep....

[Soul Crusher]

Drop the price far enough, and I guarantee all those cars will sell...

They cant do that.  The banks who lend to them will not allow it. 

[muscleforlife]

They cant do that.  The banks who lend to them will not allow it. 

Supply and demand.
I would thnk the banks should want to make a smaller profit by selling for less, than no profit by not selling anything at all.
Sandra

[Soul Crusher]

Supply and demand.
I would thnk the banks should want to make a smaller profit by selling for less, than no profit by not selling anything at all.
Sandra

Me too, but they are looking at the fact that once Sandra gets used to paying 10k for a car that was listed at 20k, she will never pay the 20k again, and neither will anyone else. 

[SAMSON123]

Drop the price far enough, and I guarantee all those cars will sell...

You're clearly unaware of the dire financial situation in america....soon those cars won't sell even if they are tagged at five thousand dollars. Priced too low makes it impossible for the manufacturer to produce because it will cost more to make than to sell.

[muscleforlife]

Me too, but they are looking at the fact that once Sandra gets used to paying 10k for a car that was listed at 20k, she will never pay the 20k again, and neither will anyone else. 

not necessarily.
If my income increases so that I can then afford a more expensive car, I would buy it.
Not the same model I paid 10k for, but I would still by a more expensive one if I could.

Sandra

[Soul Crusher]

not necessarily.
If my income increases so that I can then afford a more expensive car, I would buy it.
Not the same model I paid 10k for, but I would still by a more expensive one if I could.

Sandra

Not quite.  If you pay 10k for a nissan titan that was 20k, why would ever pay more again, regardless of your income?

[24KT]

If worse comes to worst, ...they can always melt them down and sell them to China as scrap metal. 

[Soul Crusher]

If worse comes to worst, ...they can always melt them down and sell them to China as scrap metal. 

Or glock/colt/remington/bushmaster/kimber/mossberg - for guns and ammo.

[hmontaq]

Should I buy my Porsche now?