Used Car NewsUsed Car News

  • ABG 71.00 +0.52 - +0.77%
  • AN 57.98 +0.22 - +0.41%
  • CACC 0.00 -0.355 - -0.31%
  • CAR 60.22 +0.80 - +1.42%
  • CARZ 39.74 -0.09 - -0.23%
  • CPRT 34.11 +0.11 - +0.33%
  • CPSS 8.49 -0.11 - -1.52%
  • CRMT 44.00 +0.08 - +0.21%
  • DAI N/A - N/A
  • F 16.85 -0.21 - -1.23%
  • FIATY 0.00 -0.005 - -0.05%
  • GM 33.44 -0.38 - -1.12%
  • HMC 35.80 -0.28 - -0.80%
  • HTZ 28.85 -0.46 - -1.63%
  • KAR 31.64 -0.29 - -0.99%
  • KMX 52.52 +1.15 - +2.36%
  • LAD 88.53 -0.30 - -0.34%
  • MZDAF 0.00 0.00 - 0.00%
  • NSANY 0.00 -0.03 - -0.15%
  • PAG 47.09 +0.44 - +0.95%
  • SAH 24.99 -0.15 - -0.62%
  • TM 122.50 -0.40 - -0.34%
  • TRAK 40.32 -0.51 - -1.36%
  • TSLA 233.30 +9.97 - +4.46%
  • TTM 40.25 -0.042 - -0.11%
  • VLKAY 0.00 -0.39 - -0.84%
  • VROM N/A - N/A

Featured News

Mitsubishi Recalls Five SUVs
Mitsubishi Motors North America Inc. is recalling five model year 2007 and 2009 Outlander vehicles. ...

Read more

Skypatrol Confirms Reach
Skypatrol confirmed that its partnership with Verizon Wireless allows its GPS tracking devices to op...

Read more

Dealer Consents to Repay Consumer
A Kansas auto dealer has been ordered to repay a consumer more than $2,000 after violating the state...

Read more

NADA Defends Franchise System
New-car dealer franchise laws protect consumers during safety recall and warranty claims, create pri...

Read more

Mitsubishi Recalls Five SUVs
Skypatrol Confirms Reach
Dealer Consents to Repay Consumer
NADA Defends Franchise System

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.