Dan Galves
Editor
Galves Auto Price List
Used vehicle price dip seen in August was not unexpected, though perhaps more severe than anticipated in certain segments; More expensive models suffered most dramatic erosion w/ Porsche being at front of pack; Close behind were higher end SUVs like Lexus LX570 and Mercedes GL series.
Click here to read complete Galves Market Conditions report
Activity Stronger Lately than it Had Been in August as Dealers Looked to Replenish Inventory:
Expect to see slow but steady softening – may be even more stagnant than usual if people hesitating until elections are over.
We’re Fast Approaching $4 Gasoline and No One Seems to Care:
Full size SUVs and pick-ups are still doing relatively well while econo-cars are holding their own at best.
Expect Remainder of September to Be Much Like Most Septembers, a Slowly Eroding Market:
It does seem that some of sting has already been absorbed and that maybe this September will be bit less painful than usual.
