Used Car NewsUsed Car News

  • ABG +1.84 - +2.15%
  • AN +0.78 - +1.28%
  • CACC +16.39 - +7.02%
  • CAR +0.89 - +2.12%
  • CARZ -0.33 - -0.87%
  • CPRT -0.13 - -0.36%
  • CPSS +0.04 - +0.66%
  • CRMT +0.12 - +0.26%
  • DAI
  • F -0.11 - -0.72%
  • FIATY +0 - +0%
  • GM -0.04 - -0.13%
  • HMC +0.22 - +0.70%
  • HTZ +0.16 - +0.97%
  • KAR +0.04 - +0.10%
  • KMX -0.27 - -0.42%
  • LAD +1.88 - +1.62%
  • MZDAF +0.22 - +1.16%
  • NSANY -0.70 - -3.51%
  • PAG +0.58 - +1.10%
  • SAH +0.23 - +1.00%
  • TM -0.30 - -0.23%
  • TRAK +0.02 - +0.03%
  • TSLA +2.97 - +1.13%
  • TTM +0.23 - +0.79%
  • VLKAY -0.69 - -1.68%
  • VROM

Featured News

Swapalease Sees Rebound in Approvals
Swapalease.com reports lease credit approvals entering July saw a healthy rebound from June levels, ...

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Pre-Owned Market Expands Tesla’s Reach
The used car market is giving Tesla the opportunity to expand its demographic and geographic reach, ...

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AG Sues Dealer for Failing to Deliver Titles
Ohio’s attorney general announced a lawsuit against a Middletown used-car dealership accused of fail...

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Penske Sells More Cars for Less Money
Penske Automotive Group Inc. reported higher used-car sales in the second quarter, but lower transac...

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Swapalease Sees Rebound in Approvals
Pre-Owned Market Expands Tesla’s Reach
AG Sues Dealer for Failing to Deliver Titles...
Penske Sells More Cars for Less Money

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.