Used Car NewsUsed Car News

  • ABG +1.88 - +2.45%
  • AN -0.43 - -0.69%
  • CACC -0.65 - -0.35%
  • CAR -0.06 - -0.10%
  • CARZ +0.13 - +0.31%
  • CPRT +0.00 - +0.00%
  • CPSS +0.13 - +1.80%
  • CRMT -0.66 - -1.24%
  • DAI
  • F +0.08 - +0.50%
  • FIATY +0.000 - +0.000%
  • GM +0.04 - +0.11%
  • HMC +0.16 - +0.48%
  • HTZ -0.05 - -0.22%
  • KAR +0.35 - +0.95%
  • KMX -0.07 - -0.11%
  • LAD -0.46 - -0.50%
  • MZDAF +0.0000 - +0.0000%
  • NSANY +0.07 - +0.36%
  • PAG +0.51 - +1.05%
  • SAH -0.33 - -1.36%
  • TM -0.62 - -0.46%
  • TRAK +0.64 - +1.60%
  • TSLA -1.80 - -0.89%
  • TTM +0.10 - +0.21%
  • VLKAY +0.32 - +0.65%
  • VROM

Featured News

GWC Tops $350 Million in Claims Paid
GWC Warranty, a provider of vehicle service contracts and related finance and insurance products sol...

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New Auction Bows in Ohio
The doors will open to Ohio’s newest auto auction Friday in Columbus.

Capital City Auto ...

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More Consumers Financing New, Used Vehicles
Experian Automotive says consumers are relying on financing more than ever to buy their next vehicle...

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State Sues Dealer for Unlicensed Operations
A Massachusetts used-car dealer has been sued by the state’s attorney general for allegedly selling ...

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GWC Tops $350 Million in Claims Paid
New Auction Bows in Ohio
More Consumers Financing New, Used Vehicles
State Sues Dealer for Unlicensed Operations

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.