Tim talks about the growing inventory of Hummers at the local dealer in sunny and beautiful San Diego(the epicenter of Housing Bubble). He even clicked few photographs from the so called undisclosed location

What I liked about the post was that it shows the power of blogging or an excellent piece of citizen journalism as Dan Gilmore of BayOSphere calls it. Tim ends the post with a thoughtful metaphor
The reason that the story of rapidly rising Hummer inventory is so interesting and so amusing, is that America’s most ostentatious Sport Utility Vehicle, the Hummer SUV, is a metaphor for America in the world today - overweight, overpriced, inefficient, and unloved.
2 Responses
Nilesh
November 5th, 2005 at 11:42 am
1IN addition to the obvious reason that less people buy these gas-guzzlers now that gas prices are way north of $2, there might be other reasons for this -
1. Dealers mis-estimated demand based on brisk sales during the summer
2. Dealers are preparing for big demand in time for Christmas bonuses (yes, the economy is supposed to be strong)
3. Dealers are buying up inventory to lock in low interest rates in this era of rapidly rising interest rates
Food for thought?
pankaj
November 5th, 2005 at 1:26 pm
2Umm.. I like the reasoning behind the low interest rates but if that is the case then they are building inventory of this year’s model. What happens when a new year model comes and they are stuck with last year’s inventory.
Pankaj
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