So what is going on in the markets? This is a very interesting market with some terrific used vehicle opportunities, along with the traditional end of model year sell off for the new 2013s. As we close out August and dig into September there will be some new vehicle closeout sales that might make sense that we should analyze with you. There will also be some deals that might look good at first glance, but could prove to be poor choices down the road. We are here to help you navigate through those decisions. The new car market certainly heated up in July with Honda, Toyota and GM leading the pack with impressive sales gains over the same period a year ago. July sales were at a 15.8 million per year rate, which is closing in on the pre-recession numbers posted in 2007. Kelly Blue Book reports that used car prices are falling from the high levels that we began the year with.  “Auction values began an early decline in April and since have declined below levels seen in 2012 and 2011,” according to KBB senior analyst Alec Gutierrez. “We expect this depreciation to continue through the remainder of the year.” Jonathan Banks, NADA’s executive automotive analyst, reports that “a growing supply of 3-year-old vehicles is applying downward pressure on prices for late-model used vehicles.”  Edmunds.com predicted used prices would increase in the spring, hold steady during the early summer months, and then decrease thereafter. You can check this out athttp://www.edmundscom/industry-center/data/used-car-market-quarterly-report.html According to […]

We hope everyone weathered the ravages of Hurricane Sandy. It is amazing how an event launched by Mother Nature can alter so many landscapes -personal, physical,community and commercial among many others. You have probably seen the devastation of homes, communities and businesses. I’m going to speak from the point of view of the poor vehicle that got wasted and how there will be a shortage of vehicles in both the new and used marketplaces to replace the ruined ones and how prices will probably rise in the next few weeks. We will also show you where there is a brief window that is right here and right now to beat the inevitable rise in prices and shortage in inventory selection. Sorry for the seemingly unabashed sales pitch here but there is an opportunity and we’re not making this stuff up as politicians of all stripes are more than willing to do. You might have noted how many cars were and still are underwater and wondered about what was going to happen to those cars. Think about how many vehicles may have been swamped or even compromised by all that water. Both individuals and dealerships were affected in a large swath of a very densely populated area of the eastern US. We think that there are going to be many people who are going to need to replace or who will want to replace their vehicles. There will also be a lot of trashed vehicles finding their way back into the […]