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A new direction?

After our last post, we said that it was any one persons guess as to where the top was. On the other hand, if you are a truck buyer up to speed, you realized that today's buys were really good buys! Trucks have not fallen off the table, but that group as a whole is softening; as it should with 90 degree weather and every soft-top showing its stripes!! Another segment that has been too far out of whack (domestic cars 1998-2004 with 80K-140K) is also adjusting down now that the "tax season" buyer is backing off.

I say we have come to the realization that there is a dollar number that nobody can bid past- and that mark is being set as we type. Retail new car incentives are so so available, leasing is on the rebound, and reality has hit home. There are still a number of buyers that feel it's worth more... and that will keep us guessing until we see a measured, or quantitative drop in value(s) that NADA recognizes as well.

Keep sharp and look throughout the auction lanes during the day because there are buys there that are falling through the cracks!
W/

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