The inventories of United States vehicles in China has exploded recently, with sales collapsing, leaving thousands upon thousands sitting and collecting dust in China’s ports.
From Zero Hedge:
With credit collapsing – except for buying stocks on margin – it appears the Chinese have found an alternative way to drawdown that inventory…
BYPASS THE CENSORS
Sign up to get unfiltered news delivered straight to your inbox.
You can unsubscribe any time. By subscribing you agree to our Terms of Use
With inventories at record levels…
And inventories-to-sales flashing recession red. One wonders if Automaker management ‘hopes’ for some more apocalyptic scenarios in global ports to drawdown this stack of vehicles that no one is buying.