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This Is One Way China Deals With Its Massive Auto Excess Inventory

Inventories of US autos in China recently exploded, as sales collapsed, leaving 1000s of vehicles gathering dust in Chinese ports... such as Tianjin. 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.