Autoblog

Mazda just announced that it has decided to scrap all 4,703 vehicles that were aboard the Cougar Ace cargo vessel when it nearly capsized off the Aleutian Islands in Alaska back in late July. The shipping vessel sat listing to one side for over a month before it was towed to and repaired at a port in Oregon. During that time, the vehicles on board, comprised of the Mazda3 small car and CX-7 crossover, were tied down at severe angles. Mazda had previously told us it would inspect all the vehicles and sell most as used with full disclosure, considering that many showed little or no signs of damage. Regardless, Mazda reconsidered and the announcement that the entire shipment would be scrapped came today from Jim O'Sullivan, Mazda North America's President and CEO.

The decision not to sell any of the vehicles that were aboard the Cougar Ace must have been difficult to make, considering that we estimate the hull of the ship contained over $103 million worth of vehicles (60 percent of the vehicles on board were the more expensive CX-7, so we assumed a conservate per unit average MSRP of $22,000). Not that we're criticizing Mazda for scrapping the entire shipment, but the destruction of 4,703 vehicles, at least some if not most of which are salveagable, seems like a waste. We're sure there are plenty of non-profit organizations and charities that would be grateful to take these vehicles off of Mazda's hands.

You can read Mazda's full press release concerning the matter after the jump.

For those who haven't been following the story of the Cougar Ace, check out the post trail below.

• Cargo ship Cougar Ace tips over: 4,700 Mazdas aboard
• Cougar Ace moored in Wide Bay as salvage continues
• Cougar Ace salvage operation turns deadly
• Look who's up: Cougar ace stabilized and almost fully righted
• Cougar Ace: Could some of her Mazdas be saleable?
• Cougar Ace Update: No Mazdas aboard will be sold as new