Dan Galves
Editor
Galves Auto Price List
Galves Market Conditions – May 2012
Fuel sipping econo-cars and hybrids are coming back to earth after about six consecutive weeks of gasoline prices retreating, and gas guzzlers are stabilizing. Dealers might be getting used to this new rite-of-spring, as their reactions have been less frantic paying up and selling down than in years past.
Will Avis and Budget No Longer Be Able to Get $21K for Base 2011 Prius Approaching 30K Miles?:
Can definitely expect those kinds of vehicles to erode pretty quickly if fuel prices continue to moderate.
Rest of Market is Generally Stable While Perhaps a Bit Unpredictable Week to Week:
Have seen week that looks like downturn followed by week that makes previous one look like temporary blip.
Expect to See Decrease in Level of Demand Seen So Far in 2012:
And an accompanying softening of market as we move into and through summer.
