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158 Comments
- ConsolesSuck, on 11/19/2008, -2/+63If i were a hailstorm, I would definitely come here...ahh the amount of damage that I could cause.
- demizer, on 11/19/2008, -3/+50And the talking heads are STILL denying that we are in a recession... I know at least 25 people who have been laid off.
- nichesiteexpert, on 11/19/2008, -0/+45The port is already charging by the day for storage. Like the article said, ports are there to move things, not store them, so they penalize you big-time for warehousing your goods.
- DangerCollie, on 11/19/2008, -2/+40Fascinating. A great visual of what happens when the US economy slows down, everything backs up in the production pipeline. In these days of JIT (Just In Time) inventory, the shock wave ripples through the world economy in a big hurry.
Through lobbying and corrupt politicians, big business managed to tip the playing field in their favor at the expense of the consumer. They fed their irresponsibility with more and more credit until, as a nation, we were awash in debt. Then they hit consumers with higher and higher fees, higher interest rates and took away their ability to wipe away those debts in bankruptcy. Big business killed the goose laying the golden economic eggs...
...now they want a handout from the taxpayers to keep going. Ha! Don't think so. - inactive, on 11/19/2008, -4/+30Start charging them per day.
- TPorter72, on 11/19/2008, -2/+28Cars suck, where are the hover boards we were promised in Back to the Future
- JackpotCity, on 11/19/2008, -2/+27Signs of hard times people.
- bincoder, on 11/19/2008, -3/+27Maybe the cars are being built too well. All of them are in fail mode right now, no matter the country they come from. I have 3. A 1970s chevy truck, 1980s Toyota truck, and same year range Honda car. Payments are $0.00/month in total and the fuel economy is very nice but for the big truck which I rarely drive.
Now please explain to me and the other people in the same situation exactly why we should run out tommorow, trade them all in and go into debt for tens of thousands of dollars to get new vehicles when what we have now works just as well and does it for free? Is it for the shiny paint and that new car smell? People aren't going to buy cars just to spend the day shopping out of boredom unless they have Lots of extra money to throw away on trivial things, like shiny paint. - TPorter72, on 11/19/2008, -1/+24No one really denies the recession, they just needed to prevent people from selling off their shares so they could cash in before everyone realized the impending doom.
- hello3u, on 11/19/2008, -0/+22Niko Bellic dream come true.
- Trekhawk, on 11/19/2008, -0/+19Nope. Everyone is losing.
http://www.autoblog.com/2008/10/01/by-the-numbers- ... - inactive, on 11/19/2008, -1/+20Hell...have 4 for one sale! I'll buy!
- wassim2k, on 11/19/2008, -1/+19Sell them at cost (the real cost, not the fake dealer cost) and they'll sell quick.
- muckemuck, on 11/19/2008, -0/+17Wow... so most of them could take a break for two full months and they still wouldn't run out of cars.
Buckle up folks.. this is a sign of a bumpy road ahead. - truck87bp, on 11/19/2008, -2/+19And I thought GM, Ford and Chrysler were the only cars not being bought.
- inactive, on 11/19/2008, -0/+16I mean, I guess if most decent cars didn't cost 1/4 of what my house did, then I'd probably buy one. I know I could spend 10k and get a sweet Kia and all, but the fact is you can't get a decent vehicle with decent features for less than 20k. And a $600 car payment is not what most of us are looking for.
- imolaavant, on 11/19/2008, -1/+17It a sign that people don't NEED new cars. Sounds more practical than hard.
- cloudcity, on 11/19/2008, -0/+15The government should hire you as some kind of economic adviser, no sarcasm intended. If more Americans shopped/consumed like this, we would have a much healthier economic future ahead of us.
Instead, we have people driving their Escalades to the unemployment office. - trer, on 11/19/2008, -0/+12Actually, if the Big 3 go bankrupt, it will allow them to cast aside their labor contracts and pension obligations, re-organize and get rid of bloat and emerge as leaner and meaner car companies ready to innovate. Maybe even become a Big One to take on the evil Japanese and German companies.
- inactive, on 11/19/2008, -1/+13I believe I used the word 'many'. Furthermore, that article reports a layer of hail in Baldwin Park. Baldwin Park is located in the valley northeast of downtown LA, about 40 miles away from the Ports of LA/LB.
I've lived here for 25 years. I've seen hail a few times, but its usually the size of peas, not the golf ball size kind that is known to damage cars.
Looks like you are the one who is incorrect. - inactive, on 11/19/2008, -1/+13We don't get many hailstorms here.
- inactive, on 11/19/2008, -0/+11Talking heads deny we're in a recession because most companies measure recessions based on two consecutive quarters of negative growth of the GDP. Last quarter the economy was slow but still grew by 1%. Thus, unless this quarter and next quarter experience contraction, we are not in a recession by most standards, just an economic slowdown.
src: http://www.bloomberg.com/invest//glossary/bfglosr. ... - drex8, on 11/19/2008, -1/+11So now I know why those "Saved by Zero" Toyota commercials show up every 2 damn minutes in every channel I flip on to. Every car companies are suffering in this downturn, including the mighty Toyota.
Sorry to say this but that is one of the most annoying, irritating commercial Toyota ever came up with. And come to think of it Toyota has had aired some real cool and innovative commercials in its day.
I still fondly recall of that commercial where that girl jumping in the air to the tune of.. "My Toyota!..Toyota, Who could ask for anything more!" - HyperJack, on 11/19/2008, -0/+10Neither can cars
- billbugger, on 11/19/2008, -0/+9Like those DAMN towing companies!!
And then there is a new scratch and they deny everything. - drex8, on 11/19/2008, -2/+11A sea of unwanted imported Mercedes-Benz.
FTA: "“This is one way to look at the economy,” Art Wong, a spokesman for the port, said of the cars. “And it scares you to death.”"
Actually it doesnt. A much needed correction was in order. - ElectricKetchup, on 11/19/2008, -0/+8You idiot! The hover boards totally hovered over the water in the movie! He just couldn't get any acceleration with his shoe because of the water.
- Trekhawk, on 11/19/2008, -1/+9In case you missed the 1,000 previous signs, here's more confirmation of the obvious.
(not a slight of muckemuck, just adding) - ohearn, on 11/19/2008, -2/+9At least for popular models, companies will come along to make after market parts. Half the parts are not made directly by the big 3 anyway, but outsourced. Also it will become a good time to go into the salvage business.
- SpectralSounds, on 11/19/2008, -0/+7Yeah, that "Saved by Zero" song is really ***** annoying.
- MedicalMatt, on 11/19/2008, -0/+7Still a 2+ year waiting list for Ferrari's, demand for super luxury is skyrocketing while demand for economy is crashing. Snapshot of the economy? youbetchya!
- inactive, on 11/19/2008, -0/+7The foreign auto makers leasing American land for these orphan vehicles was all in Bush's economic plan. Pumping money back into the economy baby.
- chrissku, on 11/19/2008, -1/+8Anyone else getting really ***** scared about our economy. I've been nervous for awhile....but now this ***** is just getting downright scary.
- inactive, on 11/19/2008, -2/+9The problem is that no one can get financing for a new vehicle right now, so unless you have 30,000 in cash laying around, you're not getting a new car. Period. Take the 5,000 you were going to put down on the deposit and buy a nice, dependable used car. These companies are going to have to learn that Americans just can't afford a new whip every four or five years anymore. Sucks but it's true.
- inactive, on 11/19/2008, -0/+7I got laid off, its been 2 months can't find a job. No one seems to be hiring, places i go people say "we need help but we have a hiring freeze"
My company will of course, try to fight the unemployment (its what they normally do) - BESTenemy, on 11/19/2008, -0/+7"In the third quarter of 2007, Volvo AB booked 41,970 European orders for new trucks. Guess how many prospective purchases Volvo, the world's second-biggest maker of heavy rigs, received in the third quarter of this year?
Here's a clue. Picture a highway gridlocked by 41,815 abandoned trucks -- because Volvo's order book got destroyed to the tune of 99.63 percent, with customers signing up for just 155 vehicles in the three-month period, the Gothenburg, Sweden-based company said last week."
- Bloomberg News for Oct 31, 2008 - jtown, on 11/19/2008, -0/+7Don't worry. They were lying about their invoice amount. And neglecting to tell you about the kickback they'll be getting from Lexus. Funny thing is 6 months ago, I was shopping for a new car and had a hell of a time getting my hands on the one I wanted. They were being sold as fast as the shipping companies could deliver them. I signed the papers on mine before it cleared customs. Daily calls to the fleet manager, "Where's my car? Is my car here yet? When will my car be here? Where's my car?" If I hadn't, another dealer could (would) have bribed the driver to offload it before the truck made it down to my lot. Anything getting over 30mpg was pure gold. Crazy times. Now the salesmen are practically sitting on the curb holding tin cups, begging for change.
- se7yourselffree, on 11/19/2008, -0/+6Do you think they have discount adoption days?
- breckinshire, on 11/19/2008, -1/+6Yeah, but they can't over water...
- trevordj, on 11/19/2008, -1/+6Unless you've got power!
- AlKo, on 11/19/2008, -3/+8Yup, good thing for the consumer is that if you walk into any car dealership. They are pretty darn desperate to have you buy a car. My gf is looking to buy... Lexus came right out and said we'll take $200 above invoice, here's the price... which is pretty much saying... please buy... PLEEEEASE. She also visited the local MINI dealer... even though the cars are in high demand... they haven't stopped bugging her either.
I'm somewhat tempted to get rid of my 06 WRX for a new STI considering the massive discounts on them now. - DrunkenPirate34, on 11/19/2008, -0/+5Haha evil Japanese and German car companies.
"We must unite as one to take down those foreign bastards who come out with affordable reliable cars!" - Number23, on 11/19/2008, -1/+6C63 AMG please!
- SpeedSteamBoat, on 11/19/2008, -1/+6New cars are really nice. That's why people buy them. However, they are a pretty bad investment. They depreciate so fast, and take a very long time to pay off. My parents have sworn off ever buying a new car again because of how much they can save just buying a "used" car even if it's only a year or two old. The most recent car they bought was a 2000, and of course they paid for it in full on the spot with money they had saved instead of on credit.
Mind you, much of my immediate and extended family works for the auto industry. It says something that, even with so much invested in the sale of new cars, not even they can find reason to support this troubled industry. - dystra, on 11/19/2008, -0/+5“A year ago, I was looking into buying one of these [Mercedess] for my wife,” said Kurt Garland, the terminal manager overseeing the unloading of the white, silver and black sports cars, sport utility vehicles and sedans. “Now I’m not. I’m saving money, paying bills, hunkering down.”
He may have to settle for a cheaper "new" car.
yes, hard times indeed... - thepeacemaker, on 11/19/2008, -0/+4Time for Oprah to pay them a visit.
- geauxtig3rs, on 11/19/2008, -1/+5I would love to know about this fake dealer cost that everyone talks about.
I am the general sales manager for a top 500 Chevrolet dealership. We have this new "red tag sale" nonsense that is bleeding us, and our sales people dry. When the dealers are making 1.6% profit, that means that the salespeople don't make any money (they get payed 25% of gross profit), and there are NO kickbacks from GM. We get no money extra, so salespeople who are selling new vehicles are getting $25-$50 per vehicle sold. And with this red tag sale, prices are so low that nobody will buy used cars, which is where the money for the dealership and the salesmen is. We have salespeople that have been in this business for 20 years LEAVING because we can't make a living anymore, and I guarantee you it's happening with both foreign and domestic vehicles.
The fake dealer cost is a myth to screw hardworking salespeople out of their money. You really should feel like an ass when a gracious salesperson puts up with your ***** for 5 hours just to make $50. - GreatSunJester, on 11/19/2008, -0/+4Right in the middle of that picture.... looks like a Prius to me. If the dealers were not jacking the prices up to maximize profit, then that Prius would be on a lot somewhere - or already sold.
- arcticsoft, on 11/19/2008, -1/+5How do you know he cant afford it? What if he pays cash? digg is the greatest place on earth for accusations without facts.
- inactive, on 11/19/2008, -0/+4the whole bacon thing is getting zzzzzzz
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