Two steps forward, two steps back. It seems a return to global stability finds new promise each week, only to be adjusted based on new nuisance the following week.
❓🙋♂️ Who is effected? The Port of Bremerhaven in Germany is overfilled with Teslas, Chryslers, Jeeps, Renaults, BMWs, and Volvos delayed for transportation.
🛳🚚 What's going on? A vessel and driver shortage has congestion up, which puts average waiting hours for vehicles 2-3x higher than last year. Wait times peaked around 60 hours in October but have only brushed against 30 for November so far. A year ago, waits averaged 15 hours or so.
🙈🚫 Any ideas for solutions? One shipping line has refused auto exports for October, November, and maybe December. Not really a solution, but may relieve some congestion for the other shippers.
🪧🇬🇧 At least no new challenges are coming up this next week! Oh... A fourth strike at the Pork of Liverpool in the UK could change things at Bremerhaven. As Germany's 4th largest port, it could receive diverted shipments, leading to further congestion.
TL; DR - Tesla says their Chinese sales are aok, and you should mind your business. Carvana should mind its business, but, like, in a ‘get things in order’ kinda way, and the used car business is seeing an influx of exotic cars as Crypto investors face a time “between prosperity.”