Used Car NewsUsed Car News

  • ABG -0.90 - -1.55%
  • AN -0.47 - -0.96%
  • CACC -0.93 - -0.50%
  • CAR +1.47 - +6.24%
  • CARZ -0.5532 - -1.7116%
  • CPRT +0.20 - +0.47%
  • CPSS -0.09 - -2.39%
  • CRMT +0.40 - +1.52%
  • DAI
  • F -0.12 - -0.89%
  • FIATY
  • GM -0.66 - -2.11%
  • HMC -0.29 - -1.08%
  • HTZ -0.09 - -1.04%
  • KAR +3.06 - +8.40%
  • KMX -0.63 - -1.21%
  • LAD -1.02 - -1.22%
  • MZDAF +0.00 - +0.00%
  • NSANY -0.173 - -0.972%
  • PAG -0.42 - -1.11%
  • SAH -0.23 - -1.27%
  • TM -0.83 - -0.82%
  • TRAK +0.00 - +0.00%
  • TSLA -9.76 - -4.20%
  • TTM -1.72 - -5.71%
  • VLKAY -0.67 - -2.17%
  • VROM

Featured News

Auction Helps Make A Wish Foundation
The Texas Lone Star Auto Auction, an XLerate Group auction, conducted a fundraising sale benefitting...

Read more

GWC Hires Training Exec
GWC Warranty has added Tom Blackwell as its new area vice president of training.

In his r...

Read more

Firms Plan on More Leasing as Finance Plateaus
Black Book Lender Solutions surveyed dozens of automotive finance executives during February and fou...

Read more

KAR Names Treasurer
KAR Auction Services Inc. announced that Mike Eliason has been named vice president of investor rela...

Read more

Auction Helps Make A Wish Foundation
GWC Hires Training Exec
Firms Plan on More Leasing as Finance Plateaus...
KAR Names Treasurer

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.