They MAY have offloaded some, but unlikely any onboard when they sank.
Based on the destination, my guess would be that the best of those cars would be sent to auction by Carmax.
More importantly we’re not dealing with what we just went through with VWAG: a bunch of US Spec new cars destined to become a coral reef.
My guess is that the boat is actually full. It was heading from Mina Rashid to Iraq - and the UAE is my best guess of a stopping point for RORO cargo heading into Iraq, Afghanistan, and Pakistan.
Absolutely, I almost guarantee no new US-Spec cars were on this boat.
Interestingly, just drove past a bunch of dealers in Atlanta. Of course most had mainly used cars but the Volvo dealership I used to service at had a ton of cars out there. Especially XC90’s…never seen so many. Checked the inventory and showed a whopping 70 XC 90 and total of 130 SUV’s in stock. What is Volvo doing differently? In any case I can PM you dealer info. Maybe the extra inventory can work a little more in a buyer’s favor in this crazy market.
PS: and I forgot…the Maserati dealer had a lot of cars too 
Volvo has been relatively spared the carnage so far. they did have a few hiccups in q3/q4 of last year, but have been relatively ok the last little while. couple that w absolutely awful programs and dealers selling 30-40% fewer new cars, and you have some inventory build.
RUBBER NEXT? Should we buy tires now? Store it until we need them, or sell at 3x ? lol
All my unused condoms will be worth a fortune soon. Jackpot!
^ obviously - why would you buy a large pack when u get laid maybe once a year
Give them away to some of our single brokers lol
glad you clarified unused
My buyers pay a premium for unused.
so did VW give you any updates on the GTI? Are you leasing?
What they’re doing differently is selling Chinesium cars that no one wants to buy
Along with Youtube instructions for use, for our Gen Z brokers.
Buying. They said that it was built right before the Ukraine invasion, so it will arrive mid-April. About 2 months ahead of schedule. We were quite surprised.
Everyone can use some good news in times like these. I have been keeping track of the local (50 mile radius of my house in urban North Carolina) new car inventory for all dealers since December. New car inventory this week had the biggest uptick I’ve seen since 2021. It’s not much, but moving in the right direction:
| 50 mile radius | |
|---|---|
| Dec 5 | 3156 |
| Dec 12 | 2947 |
| Dec 19 | 2923 |
| Dec 26 | 2848 |
| Jan 2 | 2470 |
| Jan 9 | 2198 |
| Jan 16 | 2445 |
| Jan 23 | 2375 |
| Jan 30 | 2338 |
| Feb 6 | 2303 |
| Feb 13 | 2303 |
| Feb 20 | 2223 |
| Feb 27 | 2173 |
| Mar 6 | 2244 |
| Mar 13 | 2257 |
| Mar 20 | 2202 |
| Mar 27 | 2508 |
Yep seeing the same among dealers I work with. New car sales have dropped considerably in Q1, resulting in inventory build.
I’m surprised it’s only one month.