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Sign of the Times: Unsold Cars Piling up at Port of Long Beach

9:34 AM PST on November 21, 2008

Unwanted Cars Gather Together to Commiserate

While the Big Three continue to insist that the proposed $25 billion bailout should be thought of as a "bridge loan," the Daily Breeze paints a much different picture.  Americans' unwillingness or inability to buy new cars is effecting more than just domestic car makers.

The nation's deepening economiccrisis is causing a backlog of imported cars in the nation's largestseaport, providing a vivid glimpse of the economic malaise plaguingAmerica.

Scrambling for open space to store vehicles Americanshaven't been buying, carmakers Nissan, Toyota and Mercedes have signeddeals to lease open space at the Port of Long Beach, where tradevolumes this year are experiencing their deepest decline in twodecades.

Image: Daily Breeze

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