Sign of the Times: Unsold Cars Piling up at Port of Long Beach
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 economic
crisis is causing a backlog of imported cars in the nation’s largest
seaport, providing a vivid glimpse of the economic malaise plaguing
America.Scrambling for open space to store vehicles Americans
haven’t been buying, carmakers Nissan, Toyota and Mercedes have signed
deals to lease open space at the Port of Long Beach, where trade
volumes this year are experiencing their deepest decline in two
decades.
Image: Daily Breeze
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