Dan Galves
Editor
Galves Auto Price List
The market appears to have shifted abruptly in the past few weeks – as abrupt and significant as Galves can recall. It’s appearing to impact all segments, though later model vehicles are getting hit hard. Demand by dealers has dropped mostly for late model European and Asian luxury vehicles, with cars standing out the most. Infiniti products have been biggest surprise so far, but they’re far from alone.
Here’s the Galves Market Conditions Report for October
Infiniti G37, M37, M56 and M45 Depreciated Rapidly in Past Month:
Not far behind are many offerings of Audi and BMW, including popular 3 Series.
Segments Took Serious Hit Across Board in 2011 and Later Models:
Disproportionately affected by current climate of aggressive leasing programs and manufacturer incentives.
Convertibles and Sport Coupes are Among Hardest Hit:
While 4-wheel drive pick-ups are withstanding pressure relatively well.
