Used Car NewsUsed Car News

  • ABG +1.49 - +1.86%
  • AN +1.40 - +2.27%
  • CACC -0.77 - -0.40%
  • CAR +0.285 - +0.504%
  • CARZ -0.16 - -0.39%
  • CPRT +0.44 - +1.20%
  • CPSS -0.04 - -0.59%
  • CRMT +1.78 - +3.38%
  • DAI
  • F -0.03 - -0.19%
  • FIATY +0.000 - +0.000%
  • GM -0.04 - -0.11%
  • HMC -0.09 - -0.27%
  • HTZ +0.20 - +0.97%
  • KAR +0.23 - +0.63%
  • KMX +0.89 - +1.35%
  • LAD +2.34 - +2.48%
  • MZDAF +0.00 - +0.00%
  • NSANY -0.190 - -0.920%
  • PAG +0.86 - +1.73%
  • SAH +0.74 - +3.08%
  • TM -0.71 - -0.50%
  • TRAK +0.18 - +0.47%
  • TSLA -5.40 - -2.84%
  • TTM +0.66 - +1.52%
  • VLKAY +0.275 - +0.539%
  • VROM

Featured News

ADESA Promotes General Manager
ADESA announced that Jason McClenahan will now serve as general manager at ADESA Ottawa.  In th...

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Westlake Names Top Auctions
Westlake Financial Services has announced the top regional auctions for 2014. 

Whil...

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NYC Looks at Auto Loans
New York City’s Department of Consumer Affairs announced a new initiative to create a safer loan pro...

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AG Sues Dealer Group
The Pennsylvania attorney general has filed a lawsuit against three Philadelphia-area car dealership...

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ADESA Promotes General Manager
Westlake Names Top Auctions
NYC Looks at Auto Loans
AG Sues Dealer Group

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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.