I don't believe this. I understand (somewhat) the Chinese 'ghost' cities, but why import something for which there is no market?
It’s BS. World production of new cars is something like 85 million. World population is around 7 billion. That’s something like one new vehicle for every 80 people. Not hard to believe since a huge percent of those vehicles are used for business, not just commuting or touring.
I don’t believe this. I understand (somewhat) the Chinese ‘ghost’ cities, but why import something for which there is no market?
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The manufacturers produce cars ,, that’s what they do ... they are shipped to the dealers and marked as sold by the manufacturer ,, of course they can only do this as long as the dealers have available credit to “purchase” the cars for their inventory... when they hit the end of that rope the cars pile up in manufacturers lots. After 4-7 months they can no longer hide the fact they have a surplus.