The average person may not be aware of it, but there are graveyards that house thousands of new cars. The look abandoned. They sit and gather dust. So, what’s the story? There are hundreds of such lots around the world. In Baltimore alone, there are more than 50,000 rotting cars in one location. Here’s why. These cars have gone unsold, and the dealers choose not to sell them at a reduced price. Their reasoning is if they did, no one would buy vehicles at their premium price. The auto manufacturing industry is the first to admit they’ve backed themselves into a corner.
So, what’s the end result? Will the auto industry come up with some new plan to sell these cars to a needy public, or will they simply continue to build new models that will eventually go unsold? Check out the video. It could be an eye opener.