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  • ABG +0.502 - +0.912%
  • AN +0.11 - +0.22%
  • CACC -0.425 - -0.228%
  • CAR -0.42 - -1.49%
  • CARZ +0.24 - +0.73%
  • CPRT +3.09 - +7.04%
  • CPSS +0.154 - +3.979%
  • CRMT -0.1494 - -0.6587%
  • DAI
  • F -0.0264 - -0.1953%
  • FIATY
  • GM -0.29 - -0.92%
  • HMC +0.12 - +0.43%
  • HTZ -0.21 - -2.31%
  • KAR +0.20 - +0.49%
  • KMX -0.39 - -0.72%
  • LAD +0.775 - +0.949%
  • MZDAF +0.00 - +0.00%
  • NSANY -0.02 - -0.10%
  • PAG +0.34 - +0.89%
  • SAH +0.05 - +0.29%
  • TM -0.30 - -0.29%
  • TRAK +0.00 - +0.00%
  • TSLA +0.60 - +0.27%
  • TTM -0.14 - -0.47%
  • VLKAY +0.32 - +1.04%
  • VROM

Featured News

Canadian Auctions Adopt Standards

Effective June 1, Canada's auto auctions will officially implement a national uniform system...

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Leasing Lacks Transparency
Personal-finance website WalletHub released the second-quarter installment of its 2016 Auto Financin...

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Dealer Gets House Arrest in Tax Case
A California dealer was sentenced to two years home confinement and required to wear a GPS monitor f...

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CarMax Adds California Store
CarMax Inc. celebrated the grand opening of its first Bay Area store in Pleasanton, Calif., located ...

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ServNet Adds Auction, Board Members
ServNet's president Kevin Brown reports that North Bay Auto Auction has joined the auction group. Br...

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Canadian Auctions Adopt Standards
Leasing Lacks Transparency
Dealer Gets House Arrest in Tax Case
CarMax Adds California Store
ServNet Adds Auction, Board Members

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The Shipping News

One of the best economic indicators is the Baltic Dry Index, which surveys brokers around the world and asks how much it would cost to book various cargoes of raw materials on various routes. The Index started dropping like a rock right around Memorial Day, the same time people stopped coming to your lots and buying cars.
I have no direct access to the Baltic Exchange in London, but I do have some connections to Great Lakes shipping. My wife’s father is a retired freighter captain and two of her brothers sail. My father-in-law said the boats always see an increase in activity about six months before the general economy improves and right now they’re going like crazy.
So, keep doing whatever your doing to keep the lights on and maybe the economic trend will reverse itself by next Memorial Day.