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No, Those Are Not Millions of Unsold Cars Rusting Away

Posted By Barry Ritholtz On May 19, 2014 @ 8:30 am In Consumer Spending,Data Analysis,Really, really bad calls,Web/Tech | Comments Disabled

This week, an e-mail landed in my inbox with the header “Unsold Cars.”

Above is just a few of the thousands upon thousands of unsold cars at Sheerness, United Kingdom. Please do see this on Google Maps….type in Sheerness, United Kingdom. Look to the west coast, below River Thames next to River Medway. Left of A249, Brielle Way.

Normally, I would have deleted the e-mail without a second thought. But several things about it warranted further notice.

The first were aerial photos of thousands of cars. Wow, this really was a lot of cars.

The second was the phrase “Timestamp: Friday, May 16th, 2014,” which suggests that these photos were brand new.

What struck me was how familiar it all looked. Maybe that was because I posted those same photos on The Big Picture [1]blog and Business Insider [2] in February 2009.

Continues here [3]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2014/05/no-those-are-not-millions-of-unsold-cars-rusting-away/

URLs in this post:

[1] The Big Picture : http://www.ritholtz.com/blog/2009/02/unsold-cars-around-the-world/

[2] Business Insider: http://www.businessinsider.com/unsold-cars-around-the-world-2009-2

[3] Continues here: http://www.bloombergview.com/articles/2014-05-19/the-truth-about-auto-sales

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