Used Car NewsUsed Car News

  • ABG 63.57 +2.61 - +4.54%
  • AN 55.50 -0.12 - -0.22%
  • CACC 142.50 -1.51 - -1.07%
  • CAR 56.56 +0.46 - +0.86%
  • CARZ 0.00 -0.30 - -0.75%
  • CPRT 38.00 -0.028 - -0.08%
  • CPSS 7.99 -0.07 - -0.94%
  • CRMT 49.00 -0.33 - -0.91%
  • DAI N/A - N/A
  • F 16.70 +0.09 - +0.55%
  • FIATY 0.00 -0.28 - -2.28%
  • GM 35.68 -0.22 - -0.64%
  • HMC 34.30 -0.17 - -0.50%
  • HTZ 28.95 -0.06 - -0.21%
  • KAR 32.00 +0.10 - +0.33%
  • KMX 45.31 +0.29 - +0.67%
  • LAD 80.00 +1.33 - +1.90%
  • MZDAF 0.00 0.00 - 0.00%
  • NSANY 0.00 -0.13 - -0.74%
  • PAG 47.25 +1.90 - +4.41%
  • SAH 24.97 +0.51 - +2.13%
  • TM 107.19 -1.11 - -1.03%
  • TRAK 47.50 -0.18 - -0.39%
  • TSLA 211.87 -0.13 - -0.06%
  • TTM 38.80 +0.15 - +0.40%
  • VLKAY 0.00 -0.21 - -0.39%
  • VROM N/A - N/A

Featured News

Asbury Launches Used Car Stores
Asbury Automotive Group Inc. is in the process of opening two stand-alone used vehicle stores under ...

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Auction Employees Keep It Clean
A group of more than 100 employees from Manheim Detroit will take part in an Arbor Day cleanup event...

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Credit Approvals Rise
Swapalease.com reports lease credit approvals during the month of March were at 69.6 percent, up fro...

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J.D. Power Adds Online Tracking Tool
J.D. Power announced the acquisition of Korrelate, an Orlando-based company that measures consumers'...

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Asbury Launches Used Car Stores
Auction Employees Keep It Clean
Credit Approvals Rise
J.D. Power Adds Online Tracking Tool

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.