Aug 12, 2009 15:49
14 yrs ago
1 viewer *
English term

unsold vehicles rushed to market in response to soaring gasoline prices

English Bus/Financial Business/Commerce (general) car sales
This is from an article about the recent car rebate scheme in the US and the manufacturers' response:

"Domestic and foreign auto manufacturers remain cautious about boosting production. Memories remain fresh, especially among U.S. manufacturers, of *unsold vehicles rushed to market in recent years in response to soaring gasoline prices*."

The second sentence confuses me - were vehicles rushed to market *because* of soaring gasoline prices? I assume that that higher gas prices would drive down car sales. Or could it be that those cars were rushed to market (perhaps at a discount) for fear of even higher gas prices, to avoid build-ups in inventories?

All ideas welcome! Thanks!
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Non-PRO (1): writeaway

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Responses

+2
21 mins
Selected

The boosted production of "high mileage" cars and shipped them to market

The way I read the context, the manufacturers do not want to boost production because they did that when gas prices when up. I understand this to mean that they boosted production of their "high-mileage" cars in anticipation of people trading in their pick-up trucks and big SUVs for smaller, more fuel-efficient cars (that they were producing and shipping to market). The consumers, however, did not respond like the manufacturers thought they would and the manufacturers were left with a big inventory of unsold cards. So, the manufacturers do not want to make the same mistake this time.

My thought from the USA.

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Note added at 22 mins (2009-08-12 16:12:08 GMT)
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That should read "TheY boosted production ..."
Note from asker:
this does seem to be a valid interpretation. This would explain why manufacturers are reluctant to increase output - the prospects for car sales - even higher mileage ones - remain gloomy .
Peer comment(s):

agree Expialidocio (X) : my interpretation as well
20 mins
agree Tina Vonhof (X) : A very plausible interpretation but that means reading a lot into the sentence that isn't really there.
4 hrs
But in the context, it IS there, imo.
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks everyone! All the answers confirmed and added to my initial reading of the paragraph. "
+2
2 mins

in response to = because of

higher gas prices drive down sales
Note from asker:
then why pump more cars into the market?
Peer comment(s):

agree kmtext : Therefore manufacturers tried to get as many vehicles as possible sold before fuel prices went up even more and further depressed sales.
4 mins
agree Judith Hehir : Yes, but "in response to" is perfectly idiomatic
4 mins
Agree. In fact, 'in response to' is better than 'because of'.
Something went wrong...
+2
6 mins

due to

Another way of saying it.

Due to the rising gasoline prices, the manufacturers didn't want any unsold cars left as an inventory.
Peer comment(s):

agree Rolf Keiser
7 mins
Thank you Goldcoaster
agree Judith Hehir : This works, too.
9 mins
Thank you Judith
Something went wrong...
+3
18 mins

more and more unsold vehicles piling up in the market as a result of soaring gasoline prices

The number of UNSOLD cars quickly increased because people bought less cars as a result of higher price on fuel.
Peer comment(s):

agree writeaway : most natural sounding suggestion (so far)
4 mins
Thank you!
agree Trudy Peters : Yes. The had been rushed to market, but remained unsold in response to the higher gas prices. The wording of the sentence is rather confusing.
28 mins
Thank you!
agree Tina Vonhof (X) : and with Trudy.
4 hrs
Thank you!
Something went wrong...
36 mins

...as a reaction to soaring gasoline prices...

The number of vehicles worldwide is expected to reach two billion in the next ...... Honda, and other makers of hybrid vehicles with large numbers of unsold cars, ...... in reaction to soaring gas prices and concern over climate change. ..... Amtrak president Alex Kummant said soaring gas prices were responsible ...
e360.yale.edu/content/topic.msp?id=55 - En caché - Similares


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Note added at 38 mins (2009-08-12 16:27:37 GMT)
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Nov 2005 ... There was a rush to get things built while buyers could still qualify. .... By the time the hurricanes hit, gasoline prices were soaring and SUV sales .... Pine Brothers was eagerly awaiting the public's reaction to what they ...... By the beginning of March there were still over 40 unsold units. ...
www.financialsense.com/stormwatch/.../1123.html - En caché - Similares


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Note added at 38 mins (2009-08-12 16:28:15 GMT)
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When gasoline prices plunged early this year, sales of hybrid-electric vehicles went .... "Nobody wants to support an Obama company," Rush Limbaugh told his ...... intent for Hyundai vehicles to soar 15 percent during initial reaction to the .... day Friday, in an effort to keep inventories of unsold vehicles from ...
www.autoobserver.com/business/ - En caché - Similares

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Note added at 38 mins (2009-08-12 16:28:27 GMT)
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Saludos
eski
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