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.
It's not the northeast weather that is keeping the wholesale market in check, it is the overall blanket of slow retail sales at both new and used car retailers! * Subaru product is the most in demand at auction now, Hyundai another sought after product line. * Toyota shows increased prices on non-recall units, but not as strong as you might assume... more trouble ahead for the giant retailer? * The availability (or pure #'s of units) crossing the block is down at auctions overall; and the old economics 101... supply v. demand... is not at work right now. * As stated last post, large trucks are softening, luxury SUV's firm. * Honda Civic strong, Buick (yes, Buick) in demand: 2004 LeSabre LIMITED with 44K sells at an astonishing $9900. Compare that to a 58K 2004 Toyota Camry selling at $8900! Go Buick, go. * It is the economy, stupid. When it is all said, people are not grabbing out for another or new car. We are in a replacement mode at auction- that's it. Chat soon
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