Used Car NewsUsed Car News

  • ABG +0.20 - +0.23%
  • AN -0.17 - -0.26%
  • CACC +0.00 - +0.00%
  • CAR +0.00 - +0.00%
  • CARZ +0.18 - +0.43%
  • CPRT +0.00 - +0.00%
  • CPSS +0.00 - +0.00%
  • CRMT +0.00 - +0.00%
  • DAI
  • F +0.01 - +0.06%
  • FIATY +0.000 - +0.000%
  • GM -0.33 - -0.92%
  • HMC +0.26 - +0.72%
  • HTZ -0.36 - -1.67%
  • KAR +0.32 - +0.84%
  • KMX -0.75 - -1.06%
  • LAD +2.15 - +2.05%
  • MZDAF +0.00 - +0.00%
  • NSANY -0.04 - -0.19%
  • PAG +0.28 - +0.53%
  • SAH -0.18 - -0.73%
  • TM +0.18 - +0.13%
  • TRAK +0.00 - +0.00%
  • TSLA +0.000 - +0.000%
  • TTM +0.35 - +0.84%
  • VLKAY +1.41 - +2.87%
  • VROM

Featured News

GWC Now Offers Service Contracts Nationwide
GWC Warranty is now able to operate in all 50 states.

The service contract provider has r...

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Lithia Expects Strong Pre-Owned Performance
Lithia Motors Inc. saw double-digit growth in its used-car operations in the first quarter, a trend ...

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AutoNation Sells More Used Cars
AutoNation Inc. reports that retail used vehicle unit sales increased 12 percent overall and 11 perc...

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GM Financial Reports Results
General Motors Financial Co. announced net income of $150 million for the quarter ended March 31, co...

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GWC Now Offers Service Contracts Nationwide
Lithia Expects Strong Pre-Owned Performance
AutoNation Sells More Used Cars
GM Financial Reports Results

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.