Automobile manufacturers are cutting back on production as they cannot sell what they have on hand. This results in the staging areas at the ports becoming crowded with new cars that have nowhere to go. I find this ironic (in the Alanis Morrisette kind-of way) in that the icon of mobility and freedom is now a immobile burden. How will the car dealers handle this back log? I sure hope it involves a man in a cowboy hat with a loud tie screaming that “everything must go!”
Seriously, I do hope that the industry realizes that bailouts are not a sustainable method of survival. They need to adapt to changing markets and lifestyles. And they should all be working to that goal, because I believe that the first one to the ring will be the only one to survive.