Used Car NewsUsed Car News

  • ABG +0.32 - +0.40%
  • AN -0.68 - -1.12%
  • CACC +6.30 - +3.19%
  • CAR +0.01 - +0.02%
  • CARZ -0.27 - -0.77%
  • CPRT +0.03 - +0.09%
  • CPSS +0.13 - +2.32%
  • CRMT -0.17 - -0.47%
  • DAI
  • F +0.13 - +0.95%
  • FIATY +0 - +0%
  • GM +0.44 - +1.52%
  • HMC -0.44 - -1.38%
  • HTZ +0.13 - +0.71%
  • KAR -0.35 - -0.94%
  • KMX -0.02 - -0.03%
  • LAD -0.80 - -0.74%
  • MZDAF +0.00 - +0.00%
  • NSANY -0.305 - -1.666%
  • PAG -0.81 - -1.58%
  • SAH -0.22 - -1.01%
  • TM -2.39 - -1.98%
  • TRAK -0.09 - -0.14%
  • TSLA +0.58 - +0.23%
  • TTM -0.33 - -1.29%
  • VLKAY -0.75 - -1.97%
  • VROM

Featured News

Consumers Feel Upbeat
The Conference Board Consumer Confidence Index improved in August after declining in July.
Th...

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Manheim Unveils Upgrades
Manheim unveiled two new offerings at a grand opening celebration at its Riverside, Calif. location....

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Copart Announces Contest Winner
Copart Inc. recently announced the top three winners of its second annual Copart Rebuild Challenge.<...

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Edmunds.com Sees Flat Sales
Used-car sales are expected to be flat this month.
Edmunds.com estimates 3.22 million used ca...

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Consumers Feel Upbeat
Manheim Unveils Upgrades
Copart Announces Contest Winner
Edmunds.com Sees Flat Sales

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.