Used Car NewsUsed Car News

  • ABG 65.77 +0.78 - +1.20%
  • AN 51.85 -0.27 - -0.52%
  • CACC 134.90 -0.32 - -0.24%
  • CAR 52.90 +0.43 - +0.82%
  • CARZ 36.10 -0.3296 - -0.91%
  • CPRT 32.66 -0.22 - -0.67%
  • CPSS 7.03 +0.005 - +0.07%
  • CRMT 43.87 +0.25 - +0.57%
  • DAI N/A - N/A
  • F 14.02 -0.385 - -2.67%
  • FIATY 0.00 0.00 - 0.00%
  • GM 30.62 -0.31 - -1.00%
  • HMC 30.97 -0.66 - -2.09%
  • HTZ 21.25 -0.0744 - -0.35%
  • KAR 29.25 +0.06 - +0.21%
  • KMX 53.19 +0.43 - +0.82%
  • LAD 72.34 +0.29 - +0.40%
  • MZDAF 0.00 0.00 - 0.00%
  • NSANY 0.00 -0.095 - -0.54%
  • PAG 42.34 -0.22 - -0.52%
  • SAH 23.20 -0.32 - -1.36%
  • TM 114.21 +0.76 - +0.67%
  • TRAK 42.80 +0.41 - +0.97%
  • TSLA 235.13 -0.324 - -0.14%
  • TTM 45.85 +0.40 - +0.88%
  • VLKAY 0.00 -0.29 - -0.70%
  • VROM N/A - N/A

Featured News

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Site Sees Fewer Credit Approvals
Swapalease.com reports lease credit approvals during the month of September dropped to 64.5 percent,...

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Nissan Recalls Altimas for Hood Issues
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Ford Expands Partnership with Carfax
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Firm Offers Free Reports
Site Sees Fewer Credit Approvals
Nissan Recalls Altimas for Hood Issues
Ford Expands Partnership with Carfax

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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.