Cars - For Car Enthusiasts

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Baltimore bridge collapse has automakers scrambling at nation's biggest port for cars - Autoblog (www.autoblog.com)

submitted 7 months ago by dragontamer to c/cars

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I didn't realize Baltimore was so important for the car market of the Midwest and East Coast. Apparently 800,000+ cars are delivered per year through the Port of Baltimore, but with the bridge collapse today it sounds like shipments could cause some car market issues for a swath of the country.

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[–] RightHandOfIkaros 2 points 7 months ago (1 children)

I am a tech at a dealer and they laid off like half of us and 2/3 of the sales lot is a wasteland, while the last 3rd is still 2022 models. Driving around the autocenter in my area in South California, none of the lots are full like they were in 2019.

[–] dragontamer 1 points 7 months ago* (last edited 7 months ago)

https://www.coxautoinc.com/market-insights/new-vehicle-inventory-january-2024/

Toyota in Feb 2024 had only 36-days-of-supply. But multiple car companies had so much supply that it bleeds off of the graph (over 160 days of supply for Lincoln, Chrysler, and Dodge).

Japanese cars (or at least: Toyota, Honda, Lexus, and Mazda) are still selling like hotcakes. But American Luxury cars are doing very poorly right now.