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New Car Market: Prices Are About to Plummet Due to Oversupply

3 pointsby whackalmost 2 years ago

1 comment

PaulHoulealmost 2 years ago
Oversupply of trucks and SUVs. If you want a small car though you&#x27;ll be out of luck.<p>Ford&#x27;s obsession with trucks has led them to stockpile thousands of unsold F-150s in vast parking lots with the keys in the ignition. They can&#x27;t stop people from driving off with them:<p><a href="https:&#x2F;&#x2F;www.thedrive.com&#x2F;news&#x2F;million-dollar-new-ford-f-150-theft-ring-sold-stolen-trucks-to-innocent-buyers" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.thedrive.com&#x2F;news&#x2F;million-dollar-new-ford-f-150-...</a><p>Thanks to a monopoly in freight rail and the resulting underinvestment there are 70,000 new vehicles sitting in parking lots that can&#x27;t be sold. They are described as &quot;cars&quot; in this article<p><a href="https:&#x2F;&#x2F;www.thedrive.com&#x2F;news&#x2F;car-dealer-inventory-is-running-lean-again-thanks-to-a-shortage-of-trains" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.thedrive.com&#x2F;news&#x2F;car-dealer-inventory-is-runnin...</a><p>but I am sure most of them are trucks and S.U.V.s and if the car manufacturers have a choice between using limited resources to ship an expensive S.U.V. or an inexpensive car you know which they will pick.