Used Car NewsUsed Car News

Featured News

Genuine Recalls Scooters for Stalling
Genuine Scooters LLC is recalling certain model year 2014 Stella 125 Automatic scooters manufactured...

Read more

Women More Willing to Negotiate
Women are now warming up to the negotiation process.

According to a survey conducted by ...

Read more

Dealership Buy-Sell Activity Nears $1 Billion
Buy-sell activity for auto dealerships this year may come close to levels not seen in a decade, acco...

Read more

Used Car Sales Continue to Climb
Used-car sales rose again in August.

True Car Inc. estimates total used car sales, includ...

Read more

Genuine Recalls Scooters for Stalling
Women More Willing to Negotiate
Dealership Buy-Sell Activity Nears $1 Billion
Used Car Sales Continue to Climb

Used Car News | Home

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.