While checking my email this morning I came across this. Instead of responding or forwarding it in the normal fashion, I decided it would be a good one for everyone to see. Here is a comment that someone wrote and my response.

Comment: Is this a sign of things to come?

No, the time is now! It is happening now! Save your cash and get out of debt. Cars and trucks are not an asset or investment. They loose money when you drive off the lot and every day thereafter. Buy a used car for cash, if you need to buy a car! This changeover from the consumerism world of credit related debt, is changing. People are beginning to change their ways and save cash, “be more responsible”. What if it gets worse? OR a lot worse. Do you want to be stuck in a five year loan paying on a car that looses it’s value every day? This is not a time for panic or fear. It is a time to evaluate how you live your life and choose what is the most important for your future. We are in the mist of major change, the future is unknown. As I have said before, this change may be very uncomfortable for many but it is not a time for fear. Accept these changes, and be open to them. They are for our own good!


Subject: Unsold cars from around the world
Pictures of the Automobile Inventory Glut in the UK & elsewhere. The Big Three are not the only ones hurting.

Nissan has announced plans to cut its Sunderland workforce by 1,200. Thousands of unsold cars are stored around the factory’s test track

Earlier this week Jaguar Land Rover said 450 British jobs would go.

The open car storage areas in Corby, Northamptonshire, are reaching full capacity.

Imported cars stored at Sheerness open storage area awaiting delivery to dealers.

Newly imported cars fill the 150-acre site at the Toyota distribution centre in Long Beach , California.

The build-up of imported cars at the port of Newark , New Jersey.

Stocks of Ford trucks in Detroit , Michigan.

New cars jam the dockside in the port of Valencia in Spain.

Peugeot cars await shipment to Italian dealers at the port of Civitavecchia.

Unsold cars at Avonmouth Docks near Bristol.

With many manufacturers on extended Christmas shutdown, the number of cars rolling off production lines in December fell 47.5% to just 53,823.

Thousands of new cars are stored on the runway at the disused Upper Heyford airbase near Bicester, Oxfordshire, on December 18, 2008.

Sales of new cars in the UK have slumped to a 12-year-low and production of cars at Honda in Swindon has been halted for a unprecedented four-month period because of the collapse in global sales and represents the longest continuous halt in production at any UK car plant. The announcement comes on a day when the EU’s Industry Commissioner Guenter Verheugen warned the outlook for the European car industry was ‘brutal’ and predicted not all European manufacturers would survive the crisis.