Used Car NewsUsed Car News

  • ABG 185.54 +0.81 - +1.10%
  • AN 61.29 -0.02 - -0.03%
  • CACC 0.00 -1.28 - -0.86%
  • CAR 59.84 +0.35 - +0.59%
  • CARZ 37.93 +0.2396 - +0.64%
  • CPRT 40.00 +0.10 - +0.29%
  • CPSS 7.25 0.00 - 0.00%
  • CRMT 50.56 +0.31 - +0.62%
  • DAI N/A - N/A
  • F 17.00 -0.03 - -0.19%
  • FIATY 0.00 0.00 - 0.00%
  • GM 35.35 0.00 - 0.00%
  • HMC 32.00 +0.58 - +1.86%
  • HTZ 29.81 +1.02 - +4.48%
  • KAR 38.05 -0.09 - -0.26%
  • KMX 56.38 +1.04 - +1.89%
  • LAD 96.95 +0.74 - +1.01%
  • MZDAF 0.00 +0.50 - +2.00%
  • NSANY 0.00 -0.015 - -0.08%
  • PAG 49.64 +0.63 - +1.32%
  • SAH 28.26 +0.22 - +0.86%
  • TM 121.50 +1.57 - +1.31%
  • TRAK 50.48 +0.64 - +1.41%
  • TSLA 284.44 -5.93 - -2.38%
  • TTM 48.20 +0.74 - +1.58%
  • VLKAY 0.00 +0.038 - +0.09%
  • VROM N/A - N/A

Featured News

Car-Mart Reports Growth
America's Car-Mart Inc. reported revenues of $134 million in its latest quarter compared to $121 mil...

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Manheim Promotes Managers
Manheim has promoted six leaders to general manager roles at seven operating locations in Florida, O...

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CFPB Fines DriveTime $8 Million
The Consumer Financial Protection Bureau took its first action against a buy-here, pay-here dealer. ...

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CarMax Opens Store
CarMax Inc. officially opened its second store in Raleigh, N.C., located at 8007 Wild Wood Forest Dr...

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Car-Mart Reports Growth
Manheim Promotes Managers
CFPB Fines DriveTime $8 Million
CarMax Opens Store

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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.