Walking through the auction lanes the last several weeks, not one single sole has brought up politics, so I need to ask, Is the political arena effecting the current auction market? Listening to talk radio, watching talk TV, and reading news publications, the pundits don't want to talk business because it doesn't fit their narrative. They perpetuate the tired, dragged out, politics-as-usual relying more on the dumbed-down electorate than truly demonstrating and offering solutions like strict constitutional adherence, fiscal conservatism, environmental protection reform, term limits, tort reform, and US military superiority.
Politics... long-term sitting Congressman and Senators with blotted staffs... offering zero debate on how to revitalize our economy. John Adams said that to serve the country means working to accomplish the betterment of the country and then returning to your farm to work. In 2015, we have a progressive chasm, painfully wedging us further apart from fixing the problems the US is living with and curbing the trajectory it's currently on. If common sense discipline doesn't begin to take hold and purposeful, serious focus on the economy is not put at the very front of what "politicians" are willing to do to better the country, then I'm afraid that the auction lanes WILL be effected by politics.
If prices are measured by book value on average, than you could say the market is about average . If you single out trucks, it quickly becomes a soft market. If you gauge small cars... try to guess what a Focus or Elantra will do! It may be mid-summer, and it has been hot... but not as hot as cars at auction! The auction business itself, as a whole, is in a rapid state of change and that has had more effect on prices than we give credit to. The shortage of cars crossing the blocks are still out there, but are selling through different channels . Finance companies sell direct. Rental companies have mature wholesale channels outside the auctions. OVE, AutoTrader, Cars.com... all outside channels that have syphoned vehicles out of auction lanes as well. I believe that these are major reasons as to why the "remaining" cars at auction have jumped to the levels they have. It has been the push away from the physical auction from the major consignments sources that has increased val...
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