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Millions of new cars remain unsold. Join the dots…

8 Feb

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As more than 10 MILLION brand new cars join the ever increasing backlog of unsold stock across the World – four million cars in Europe alone – factory closures are now to become a reality.

Well-hidden and secure compounds across Europe, Asia and America are the usual first home for newly-born cars awaiting shipping to dealers. But these are now so full that dealers themselves are having to store cars in their already-packed yards.

The backlog of stored new cars in Europe now runs to four million. US sources point to a similar figure for America and things are so bad in China that Mercedes Benz are offering as much as 30% discount on some new models (S-Class, anyone?) as an attempt to shift stock.

No matter how politicians of all persuasions in all car-making countries try to dress it up, the fact is that production lines and whole factories now stand to be closed as a means of reducing output to match the drop in demand.

As Jorn Madslien’s BBC article here points out, the 7 – 10% annual drop in European demand since the Banking crisis of 2008 is set to continue through 2013 according to industry analysts.

There is no evidence to suggest that this trending reduction in demand will halt. Unemployment, static wages and financial insecurity continue to keep potential customers away from showrooms.021roadwax

What many ordinary people have overlooked in the last three years is the part that national politicians have played in this unfolding catastrophe.

Anxious to deflect criticism of themselves from voters already outraged at the corruption within the financial industry that has wrecked economic prospects, many political leaders have persuaded car giants to keep production at a steady level to avoid redundancies.

In the last three years, American car-making states have seen the quite shocking sight of trains loaded with brand new cars leaving the factories bound for the deserts – where the cars are simply off-loaded and parked up – as an alternative to laying off workers or reducing pay-packets.

Now, this temporary vote-buying strategy has resulted in such high levels of surplus vehicles that the need to close whole factories has replaced the idea of cutting the odd work shift. There is now no other option left.

Discounting of new car prices at dealership level is now rising into thousands of dollars. Some makes and models are almost dead in the water, effectively having so few interested potential buyers that they may as well not be offered.

Chrysler, for example, has more than six months worth of 2013 Dodge Darts parked up right now, as the Wall Street Journal’s article here reveals.

Six months worth of Dodge Darts. At what point does a ‘new’ car technically become an ‘old’ new car? Can a car that has sat out in the open for most of a year still be described as ‘new’? One can easily imagine the challenges that car manufacturers now face.

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But showroom price discounting – especially up to amounts like 30% – can wreak havoc with the residual value of that car’s marque. The prices of ‘nearly-new’ second-hand versions plummet at auction and fleet clients and Hire Purchase customers can become saddled with a kind of negative equity on their own vehicles. Fleet News made this point six months ago in their article here.

Some commercial vehicle manufacturers have been hit really hard as savvy fleet operators have held onto their trucks for an extra year or two to avoid this depreciation risk. One major truck maker sold zero units of its product in the UK in 2011 as regular clients simply sat tight.

General Motors has only now struggled back into profit in the US after years in the red with an unloved product range. Desperate for small cars it didn’t have, it hastily re-badged Asian Daewoo products, slapping a ‘Chevrolet’ badge on them and shipping them into America.

Now, it is watching as its twin European badges – Vauxhall and Opel – fight a desperate war to survive. It is abundantly clear that 7-10% over-capacity plus some ageing and inefficiently designed production facilities cannot be propped up at all cost.

roadwaxJeep 101

In this situation, the cost will be production line workers. There are no deserts in Europe to hide millions of unwanted cars.

The emerging giant economy of China fueled the revival of hopes in 2009 for top marques like BMW, Cadillac and Rolls Royce. Dying on their feet as Europe and America struggled with a banking collapse, these big names spearheaded a rush to satisfy Chinese auto sales volume growth of 46% in that year.

But by 2010 that figure had dropped to 32% and in early 2011 it slumped to 2.5%.

We are not supposed to use the word ‘problem’. The fashionable and politically correct word today is ‘challenge’.

The ‘problem’ is over-production of depreciating consumer goods.

The ‘challenge’ for today’s politicians is to find unemployed workers jobs that can generate their family a surplus income. Enough to buy yet more depreciating consumer goods and certainly more than enough to live on.

If today’s politicians actually have a solution to this challenge, then they are keeping very quiet about it.

 

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New U.K. Immigrant Citizen Test: If you pass it, you’ll end up like us.

1 Jul

The UK Home Office is re-writing the test given to immigrants wishing to become British citizens. If you are an immigrant to the UK and are currently thinking of applying for British citizenship, then Roadwax is pleased to welcome you to this sceptered isle and provide you with the following information.

A Brief Definition of the United Kingdom:

The UK is made up of a group of different countries who are not actually united. These countries are: England, Wales, Scotland and Northern Ireland.  To get round the obvious problem of historical and cultural disunity, the government describes the citizens of these four countries as collectively being “British”.

Wales, Scotland and Ireland all have their own languages and cultural beliefs. The British government has fought hard to stamp these out and officially obliterate them over the last two centuries. Only a few weeks ago, the young lad carrying the Olympic torch through Cornwall had his Cornish flag ripped from his grasp by a security official, obviously anxious to promote social harmony and cultural respect. This bullying and suppression has served only to enhance the differences within Britain and reinforce mass contempt for Whitehall.

Immigrant communities also bring with them their own cultural values and belief systems. Likewise, these are tolerated so long as they do not significantly threaten to change the existing system of law or social hierarchy. If they do appear to threaten the existing system then they will be suppressed by either destabilising the particular community or by making the cultural practise illegal, or both.

Britain is ruled by a Monarch called Queen Elizabeth. She has no actual power and does not actually rule. Although she is seen as the figurehead of British society, Queen Elizabeth is herself half German and is married to a Greek. To stop people continuing to notice that they are both foreigners, they use the false surname: Windsor. Like many British people, the Royal Family claim Benefits (financial support) from the government so that they can survive.

A Brief History of Britain:

Britain is an island, just off the coast of the continent of Europe. Every tribe and culture of significance has taken turns in trying to invade it, set fire to it, rape and pillage it and rule it. Ruling it (staying in power) is the difficult bit.

The Romans built a wall to keep out the tribes from Scotland but then realised that the Scots were using it to keep them out instead. The Romans left.

The Norwegians and French invaded and then realised that ‘invading a country’ is quite different from ‘ruling a country’.

The Spanish tried to invade but forgot to bring enough seaworthy boats.

The French tried to invade again, remembered to bring enough seaworthy boats but forgot to steer them properly.

The German 3rd Reich tried to invade, cut out all the complicated stuff involving boats, used bombers instead but forgot to bring enough of them.

From time to time, other cultures have attempted to invade Britain and overthrow its ruling elite. Both USA and Russia have tried controlling Britain through a mixture of cultural dominance and diplomatic blackmail. Both have failed.

If you are considering invading Britain or overthrowing its ruling elite yourself, you might consider first trying a practise run on a smaller, much easier island. For example, Sark…

A Brief Explanation of the Political and Legal System

Britain has always been ruled by a small elite, taken from a group of wealthy, educated and powerful British families. To hide the fact that this is effectively an ‘Oligarchy’, a democratic system of government is now installed and elections are regularly held. However, whoever wins these elections and becomes the Prime Minister nearly always becomes deeply socially connected to this elite. Go figure.

The present Prime Minister and Chancellor are so deeply embedded in this traditional ruling elite that their grasp or understanding of everyday life for millions of normal citizens is seriously questioned. Their own awareness of their lack of credibility among non-millionaire British voters is doubted.

After more than a century of mass voting, the 95% of Britain’s wealth and land ownership has curiously ended up staying with the 3% of those most wealthy families who have ‘owned’  it for centuries, having originally stolen it as local warlords many centuries ago. So much for democracy.

Britain does not have a written Constitution nor statement of citizens’ rights. British people have no actual rights of their own. All citizens’ rights are over-ruled by laws introduced recently “in the interests of National Security”. Nobody is quite sure what those interests are since Britain’s state interests are a secret.

Citizens no longer have the absolute right to defend themselves in a court. They are instead appointed a lawyer through the Judicial System. If a citizen can afford a lawyer to represent themselves (instead of the one appointed to them by the legal system) then that lawyer will normally also come from a family associated with the ruling elite.

The British Judiciary itself accepts openly that it is made up of a small elite, almost entirely connected by genetic and social ties. It acknowledges that this is not democratic and that it is trying to rectify this situation. Despite this admission, there appears no evidence of a genuine effort to change the system.

A Brief Explanation of the Cultural Beliefs of Britain

Historically, Britain is liberal-minded and only extremist cultures and groups find they struggle to survive. Every religious or political group that has attempted to enforce an extreme belief upon the British has failed. Facism, Catholicism, Protestantism have all failed through their use of violence, physical abuse and financial extortion.

Every Prime Minister who has taken Britain into war or used excessive force against British citizens has fallen from power almost immediately, never to return. Recent examples are: Winston Churchill, Margaret Thatcher and Tony Blair.

The British belief in ‘fair play’ is generally supported across all social classes. Unfairness is seen as a greater sin than dishonesty.

This is because ‘honesty’ is not seen as the same thing as ‘fair play’. The British reserve their right to privacy and defend it as much as they still can. But in the current and recent public scandals involving politicians and business leaders, it has been a revelation to many British citizens to watch their leaders being openly dishonest, defending themselves by lying in such a way that they cannot actually be proven to be guilty of a crime.

This blatant manipulation of the law has caused the majority of British citizens to turn their backs in contempt against  the Establishment – the political leaders and judiciary – and this is shown by the ever-declining numbers who now bother to vote. The Establishment has no problem with this trend because it serves to secure their grip, not weaken it.

There is a growing belief in British society that fair play does not apply to the wealthy, that one’s honesty is never seriously questioned if one is powerful. Therefore, prison and punishment exist only to keep the disadvantaged citizen in line.  Wrong-doers who are both wealthy and influential never get sent to prison.

As has often been said about the British Legal System: “…Just like The Ritz Hotel, it is open to everyone who can afford it…”

Why Britain Needs More Immigrants to Become Citizens:

Britain needs tens of thousands of migrants to settle in this country and become British citizens. The government is doing all it can to attract particularly wealthy and educated citizens. They spend more.

Britain needs these immigrants to work hard, earn hard, spend hard, consume goods and services that have huge taxes applied to them (like fuel, education and housing) so that extra revenue is created to pay for the massive cost of keeping the system going without changing it.

The BBC website notices that The Sunday Times says that immigrants will be told:

“…historically the UK is a Christian country…”  Interestingly, the BBC forgot to insert the original comma after the word ‘historically’. So, not a very good grasp of written English from the BBC, there…

The Sunday Times reports:

“…In an explicit attack on Islamic fundamentalism, it [the Home Office] states that there is “no place in British society for extremism and intolerance”…”

…er, no – zero points to David Leppard and Jack Grimston from the Sunday Times, who wrote the article. That is an implicit attack, not an explicit one. Actually, it probably isn’t an attack on Islamic fundamentalism at all.

It is merely stating the bleedin’ obvious.

So, the BBC and The Sunday Times, both quintessential pillars of “Britishness”, are only semi-literate. And Theresa May, the Home Secretary (or: “home secretary” as The Times describes her – a secretary who works from home) is making an ass of herself by trying to re-write the questions in the handbook for immigrants applying for citizenship of Britain.

Theresa wants you to learn the first verse of the national anthem. She has removed the bits about claiming benefits and the Human Rights Act. You will have to learn a little bit about our famous battles, artists, poets, inventors. The test will last about 45 minutes.

You will not need to know about how the legal system works, nor explain why we do not have a declaration of citizens rights. You will not be asked how much you can buy a knighthood for, even though the price is quite clearly between £2m and £5m.

You will pass the test.

You will become one of us.

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