Picking winners in tough times

One of the more curious emergent industries to spring up from the current economic downturn is storage facilities for unsold new cars. As The Age reports, landowners are benefitting from the excess supply of vehicles and the need to park them somewhere in the interim:

“Each car costs a car-maker between $1.20 and $2.50 a day to store. With one source putting the number of vehicles in storage throughout Australia at 100,000, the industry is potentially racking up almost $2 million each week.”

Australia is far from alone in seeing such stockpiling. Nice to see someone making some money out it…


Tags: , , , ,

One Response to “Picking winners in tough times”

  1. Steve Sammartino Says:

    Thankyou Dr Dre, You just gave me a great business idea for Palmo!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: