Dan Galves
Editor
Galves Auto Price List
October was difficult month and saw what we think will be large percentage of yearly erosion in most segments; Hardest hit continued to be European and Asian luxury segments; Rest of the market fell predictably w/ exception of some of scarcer segments like full size domestic SUVs and mid-size pickups.
Click here to read complete Galves Market Conditions report
Demand for UVs Will Invigorate Post-Hurricane Market, but May Not Happen for a While:
In short term, expect diminished demand as dealers struggle to regain lost momentum.
High Volumes of Vehicles at New Jersey Ports Ended Up Underwater:
Vast majority likely uninsured and that market may not recover for quite a while.
There is Great Deal of Uncertainly around Short Term Effect of Sandy:
Will watch closely and try not to over-react to what may be temporary blip in market.
