Used Car NewsUsed Car News

  • ABG -0.52 - -0.60%
  • AN -0.13 - -0.21%
  • CACC +0.19 - +0.08%
  • CAR -0.18 - -0.33%
  • CARZ -0.118 - -0.281%
  • CPRT +0.10 - +0.28%
  • CPSS -0.07 - -1.14%
  • CRMT -0.92 - -1.71%
  • DAI
  • F -0.24 - -1.55%
  • FIATY +0.000 - +0.000%
  • GM +0.12 - +0.34%
  • HMC -0.02 - -0.06%
  • HTZ +0.26 - +1.25%
  • KAR -0.22 - -0.58%
  • KMX -0.10 - -0.14%
  • LAD -1.80 - -1.68%
  • MZDAF +0.00 - +0.00%
  • NSANY -0.14 - -0.67%
  • PAG -0.53 - -1.03%
  • SAH -0.18 - -0.76%
  • TM -1.22 - -0.87%
  • TRAK +0.10 - +0.23%
  • TSLA +2.11 - +0.86%
  • TTM -0.02 - -0.05%
  • VLKAY -0.66 - -1.29%
  • VROM

Featured News

TrueCar Faces Lawsuit
The California New Car Dealers Association filed legal action against TrueCar for what they claim is...

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New Car Stores Offer Plenty of Deals
Memorial Day weekend is always a major auto shopping event and this year looks to be no different. A...

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IAA Introduces Parts Search Tool
Insurance Auto Auctions Inc. announced the launch of its new search capability that enables buyers t...

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CarMax Hires for Houston Store
CarMax, Inc. is currently hiring for the company’s first store in Richmond, Texas.

It is...

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TrueCar Faces Lawsuit
New Car Stores Offer Plenty of Deals
IAA Introduces Parts Search Tool
CarMax Hires for Houston 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.