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Predictable decline

It has been there to see for nearly 8 months... the incredible strength in used car prices at the auction block. Right there along with that has been, "...when is this madness going to stop". Yesterday [SOUTHERN AA CT] we saw a decline in prices, but the more indicative trend is the decrease in %'s sold. As the conversion rate decreases (sellers not hitting reserve or floor prices) and %'s sold decrease, buyers feel a nervousness and change bidding habits. You watch others abruptly stop at $13,900 and not chase a car into the 14's. You watch the post gavel negotiation between buyer/seller/auctioneer in a fruitless attempt to have that vehicle escalate another $1000. Then there are the duplicates that I so often refer to such as Altima, Sonata, Accord, Escape etc. Combine a nervousness with the awareness that you already have 6 of those in inventory and this decline we see now was in fact quit predictable. If you are struggling at auction, feel free to contact Sudden Services LLC.

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