Excess used cars being stored not sold - car industry cartel to keep prices high?

[NoIDontWatchLoveIsland]

www.bbc.co.uk/news/uk-england-northamptonshire-56104281

Producing these vehicles comes at huge cost in terms of environmental emissions, materials and labour, and they are being wasted stored somewhere so we can all continue to be flogged expensive brand new cars. The car financing bubble has been expected to cause a glut of second hand ex lease vehicles for years. AIBU to think the car industry is doing this to prevent the obvious price crash due to oversupply of second hand cars and it shouldnt be allowed?

YABU

They’re not being stored deliberately so you have to spend more money on your second hand car, if you want a second hand car there’s plenty out there and there’s some really good deals at the moment.

They’re being stored because the physical market for second hand cars isn’t big enough to cope with the thousands of fleet/company cars that got returned over the last 12 months as companies released they didn’t need to pay out for assets that employees weren’t using because they were working from home.

There literally isn’t the forecourt space to sell all these, so they get stored until there is.

Did you actually read the article? All that information is in there

There's really very little in the article actually.

And if that's the case, why aren't prices falling on the forecourt? They are paying to store a product but prices are not falling? How does that make sense unless supply is being curtailed somewhat.

Put it this way. My local garage is selling the exact model of my car (same colour, year, spec).
I bought mine in 2017, less than one year old, under 5k miles on the clock, for £19,995.
They are selling the same model now, except now it's a 4 year old car, with over 20,000 miles on the clock, for £19,250.

You cannot possibly maintain pricing like that without curtailing supply.