GM has stored 50,000 vehicles?!

[ensho]

http://www.buzzflash.com/articles/mailbag/747


-snip-

Subject: Something Smells Fishy

In the past 5 years GM has been storing vehicles all over parking lots in the boonies of Illinois. I have witnessed the unloading from the train tracks and they are driven to desolate spots 5 to 10 miles away. I am talking about 50,000 vehicles at the least. If anyone has access to know the difference between # of cars sold and # manufactured, you would almost assuredly find the figure GM is calling a loss in number of vehicles that have been written off. The reason is clear to me, They needed to keep supply low in order to keep their prices high or at least on a par with the other two, Chrysler and Ford. All of them are working together to break the unions and at the same time use over production hidden as a way of laundering money, The missing cars are worth a hell of a lot more after the plants close and there is a scarcity of vehicles. Oh, yeah, I can almost assure you they will close, the managers at the tops of these companies are con men, so don't say I didn't tell you so.

Scott
Phoenix, AZ

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[Venceremos]

1. Anybody know where exactly?

I live "in the boonies of Illinois", near unloading stations for trains, no less. I'd love to know exactly where this is happening, so I can see if the vehicles are near me.

[liberal N proud]

2. 50,000 vehicles?

Interesting, they would do something like that.

If they were hiding production, why not destroy the cars?

[napi21]

3. I don't doubt what you said, but I also read an article yesteday

that they're out of space at the ports because shiploads of imported cars have been coming in on ships but the dealers aren't taking them because THEY'RE overstocked too.

It sure sounds to me like although the 3 American car cos. are in the news, NO cars are selling!

[dysfunctional press]

6. exactly right. the Big 3 haven't lost market share in the car market...

nobody is buying anything.

[RaleighNCDUer]

19. Which does kind of fuck up the "it's the unions' fault" arguments,

doesn't it.

[tabbycat31]

12. that's because nobody can get loans

open the credit markets for car buyers/leasers again and then cars (American and foreign) will sell again.

[TheWraith]

4. Can you say "tin foil hat"? I knew you could. nt

[Javaman]

11. check out #8. nt

[Cessna Invesco Palin]

5. This is complete speculation with no factual evidence to support it.

Take it with the requisite amount of salt.

[Javaman]

10. Check out my link at #8. nt

[Cessna Invesco Palin]

14. That doesn't say anything about the specifics of the OP. n/t

[Javaman]

17. no, but it does point up that cars are not being sold.

and in another link that I chose not to post because they weren't "mothballed", but did show that over 600,000 cars are sitting on car lots unsold.

it's not very hard to extrapolate that if imports aren't selling, Toyota is the best selling dealer in the US, then certainly US made cars aren't selling.

The major difference is: imports are stored at the docks and old military bases, US cars are "stored" on the sales lot.

[Cessna Invesco Palin]

21. That's a far cry from the paranoid fantasy in the OP. n/t

[ogneopasno]

7. Random guy on the Internet posts his opinion about something that could be interpreted

in a variety of ways? Unpossible!

[Javaman]

8. You mean like this...

http://www.iht.com/articles/2008/11/19/business/19ports.php

if the imports aren't selling, I can bet you, ours aren't selling either.

[ensho]

13. thanks for the photo/info Javaman

cars must be filling up lots all over the US.

what's the used car situation?

[TheWraith]

15. There's a big difference.

This kooky-sounding letter is claiming that GM is hiding vehicles off the rolls, parking them out in the middle of nowhere (Where, exactly? I live in the middle of nowhere, and there's not a lot of places to hide cars) as part of some kind of money-making conspiracy.

[Javaman]

18. Look at #17 post.

I will agree though that the "storing" of cars does have the ring of the 19070's oil myth of big oil dumping oil in the southwest desert.

[Orsino]

24. I think I'm counting 2-3 Prii in that picture, too.

Perhaps these hybrids aren't in great demand because gas is currently cheap.

[Javaman]

9. dupe nt

[K Gardner]

16. Sounds like a repeat of "who killed the electric car".. they were dumped in the desert, I believe.

[DainBramaged]

20. Lies.

[NNN0LHI]

22. And you can pop popcorn with your cell phone too

:crazy:

[gravity]

23. GM has to pay workers if they produce cars or not

This causes them to overproduce cars at times.

They used to send these off to rental car companies, but it suppresses the resale value of its cars sold to customers, so it could be more economical to write these vehicles off.

[zagging]

25. $1BUSD

Why not just say 100,000 cars are being hidden? Better yet, say 200,000. How about this: GM has 1M cars hidden and is worthless? Are we making sense?