Used Car NewsUsed Car News

  • ABG -0.18 - -0.29%
  • AN +0.45 - +0.87%
  • CACC -5.44 - -2.73%
  • CAR +0.89 - +2.41%
  • CARZ +0.0569 - +0.1758%
  • CPRT +0.615 - +1.236%
  • CPSS -0.00 - -0.13%
  • CRMT -0.11 - -0.34%
  • DAI
  • F -0.08 - -0.57%
  • FIATY +0 - +0%
  • GM +0.13 - +0.41%
  • HMC -0.09 - -0.33%
  • HTZ +1.00 - +1.96%
  • KAR +0.63 - +1.49%
  • KMX +0.39 - +0.68%
  • LAD +0.37 - +0.44%
  • MZDAF +0.00 - +0.00%
  • NSANY -0.405 - -2.063%
  • PAG -0.33 - -0.91%
  • SAH +0.05 - +0.26%
  • TM +0.82 - +0.75%
  • TRAK +0.00 - +0.00%
  • TSLA +1.77 - +0.80%
  • TTM +0.53 - +1.44%
  • VLKAY +0.05 - +0.16%
  • VROM

Featured News

CFPB Names Enforcement Associate Director
The Consumer Financial Protection Bureau has named Chris D’Angelo as associate director for supervis...

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Auto Finance Outperforms Other Credit Sectors
Auto loan defaults declined in June.

Auto loan defaults recorded a 0.91 percent default r...

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Dealer Gets Six Years for Defrauding Navy FCU
The co-owner of a Virginia used-car dealership was sentenced to 74 months in prison, followed by 4 y...

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Dealership Staff Plead in Fraud Case
The manager of a now-defunct New Jersey used-car dealership and two co-workers have pleaded guilty i...

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CFPB Names Enforcement Associate Director
Auto Finance Outperforms Other Credit Sectors
Dealer Gets Six Years for Defrauding Navy FCU...
Dealership Staff Plead in Fraud Case

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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.