Dan Galves
Editor
Galves Auto Price List
Click here to download and read the complete Galves Market Conditions report.
Second half of June saw declining demand for used vehicles, beyond the usual summer softening; Exceptional vehicles are still getting premium prices, but requirements to join that club have escalated; Dealers reporting lack of floor traffic, so there’s little need for fresh inventory.
Very Late Model Vehicles in General Have Been Hard Hit:
Had been high demand in recent months and prices had held up well until recently.
Japanese Manufacturer New Vehicle Inventory Has Recently Normalized:
Late model used that had been unusually strong are fast on their way to becoming unusually weak.
European and Asian Luxury Vehicles also Impacted:
Lexus LX570s, Lexus RX series, and Mercedes GL series have taken big hits of late.