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Old 20th November 2008, 09:41   #1
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Default Rising inventory of Imports (Mercedes / Nissan / Toyota) crowding US Ports

Every week, ships brings hundreds of cars into US. But dealerships have lost appetite for getting these cars on their books.

Result, companies have to lease space on ports to store these beauties.

News : http://www.nytimes.com/2008/11/19/bu...=1&oref=slogin

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Gleaming new Mercedes cars roll one by one out of a huge container ship here and onto a pier. Ordinarily the cars would be loaded on trucks within hours, destined for dealerships around the country. But these are not ordinary times.
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nation’s second-largest container port into a parking lot, creating a vivid picture of a paralyzed auto business and an economy in peril.

“This is one way to look at the economy,” Art Wong, a spokesman for the port, said of the cars. “And it scares you to death.”
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