Car industry in 2008 Recession

Sales of new cars in the UK have slumped to a 12-year-low and production of cars at Honda in Swindon has been halted for a unprecedented four-month period because of the collapse in global sales and represents the longest continuous halt in production at any UK car plant. The announcement comes on a day when the EU's Industry Commissioner Guenter Verheugen warned the outlook for the European car industry was 'brutal' and predicted not all European manufacturers would survive the crisis.

New cars jam the dockside in the port of Valencia in Spain
Imported cars stored at Sheerness open storage area awaiting delivery to dealers

Peugeot cars await shipment to Italian dealers at the port of Civitavecchia

Nissan has announced plans to cut its Sunderland workforce by 1,200. Thousands of unsold cars are stored around the factory's test track

The build-up of imported cars at the port of Newark , New Jersey
Newly imported cars fill the 150-acre site at the Toyota distribution centre in Long Beach , California
Earlier this week Jaguar Land Rover said 450 British jobs would go

Honda is halting production at its Swindon plant in April and May, extending the two-month closure announced before Christmas to four months. Honda and Japanese rival Toyota are both cutting production in Japan and elsewhere. Pictured, Hondas await export at a pier in Tokyo

Stocks of Ford trucks in Detroit , Michigan
The open car storage areas in Corby , Northamptonshire, are reaching full capacity
Thousands of new cars are stored on the runway at the disused Upper Heyford airbase near Bicester, Oxfordshire, on December 18, 2008.
Unsold cars at Avonmouth Docks near Bristol

I wonder if car price will drop or rise then ?