An aerial view shows cars that were offloaded from ships at Wallenius Wilhelmsen Logistics (WWL) as the spread of the coronavirus pandemic cripples the economy on April 26, 2020 in Wilmington, California.
The sudden high unemployment crisis is hitting car sales as travel restrictions and widespread social distancing measures continue across most of the United States to fight the coronavirus pandemic.
The cargo ship Jupiter Spirit which spans a length of almost two football fields, arrived in Los Angeles’ harbor on April 24 after an almost three-week journey from Japan, ready to unload its cargo of about 2,000 Nissan Armada SUVs, Rogue crossovers and Infiniti sedans in a quick, half-day operation.
But when the ship, operated by Nissan Motor Co.’s freight arm, got about a mile offshore, its captain was ordered to drop anchor. And there the ship remained for almost a week — a floating symbol of an unprecedented logjam as nearby storage lots covering hundreds of acres overflowed with vehicles that Americans suddenly have little desire to purchase.
There are gluts of all shapes and kinds forming in the U.S. nowadays, a testament to the scope of the economic pain the coronavirus is inflicting. Slaughterhouses are killing and tossing out thousands of pigs a day, dairy farmers are pouring away milk, oil sellers were paying buyers to take barrels off their hands last week, and now, brand-new cars are being left adrift at sea for days.