Criptic Critic Conscience and Known for it

Friday, November 28, 2014

Considering it was taxpayers who bailed out the car industry when the recession hit, now they cant pay back that gratitude with cheap cars so I can keep driving to the appocolyspe

On Facecrack

In 2009,
when these photos
were taken,
U.S. auto sales
were running at barely a 9 million annual rate. Fast-forward to today and,
as we learned
at the beginning of this month,
we are running at an annual rate of more than 16 million autos. That is an improvement of 78 percent.

these photographs do for the most part show unsold automobile inventory in various parts of the world, which hit rather high levels when new car sales badly slumped during the global recession of 2009. But even back then automobile manufacturers weren't churning out product willy-nilly, regardless of demand — the captions to some of those 2009 photographs in their original contexts noted that, for example, "production of cars at Honda in Swindon has been halted for a unprecedented four-month period because of the collapse in global sales and represents the longest continuous halt in production at any UK car plant."

Additionally, it isn't 2009 any more. Although these pictures captured some large overstocks of new cars that were produced just before a huge unanticipated drop in demand, that was a temporary phenomenon from several years ago. British automobile production, for example, has since rebounded to hit a record high in 2013 (with a car being produced every 20 seconds that year) because UK car sales also reached their highest level in the past several years in 2013, with consumers purchasing a total of 2.26 million vehicles:
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1 comment:

Barry Thomas said...

Talk about land art!!!