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:
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With credit collapsing – except for buying stocks on margin – it appears the Chinese have found an alternative way to drawdown that inventory…
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.
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